Canada’s Yelich ends trade trip to China

Look­ing into widen­ing com­merce in what they call a ‘pri­or­ity mar­ket’

China Daily (Canada) - - FRONT PAGE - By AMY HE in New York amyhe@chi­nadai­

Canada’s Min­is­ter of State for For­eign and Con­sular Af­fairs Lynne Yelich ended a five-day trade trip to China, stop­ping in Hong Kong, Guangzhou and Bei­jing to dis­cuss Canada’s pro-trade agenda and key trade pri­or­i­ties with govern­ment of­fi­cials.

Yelich was in Hong Kong Spe­cial Ad­min­ist rat ive Re­gion on Feb 23 and 24 be­fore head­ing to neigh­bor­ing Guangzhou on and con­cluded her visit with a two­day trip to Bei­jing.

“Deep­en­ing Canada’s trade and in­vest­ment with China is key — even more so now that China is our sec­ond-largest trad­ing part­ner and Hong Kong is our sixth-largest,” Yelich said at the end of the trip.

“Whether we are talk­ing about busi­ness, ed­u­ca­tion, cul­ture or in­no­va­tion, with over 1.5 mil­lion Cana­di­ans of Chi­nese de­scent, we value the strong people-to-people ties Canada en­joys with China and Hong Kong (SAR),” she added.

In Hong Kong, speak­ing to an au­di­ence at the Cana­dian Cham­ber of Com­merce, Yelich said Canada is fo­cus­ing on ex­pand­ing trade


pen­ing Canada’s trade and in­vest­ment with China is key — even more so now that China is our sec­ond­largest trad­ing part­ner and Hong Kong is our sixth-largest.” LYNNE YELICH CANADA’S MIN­IS­TER OF STATE (FOR­EIGN AND CON­SULAR AF­FAIRS)

op­por­tu­ni­ties with the spe­cial ad­min­is­tra­tive re­gion, which in­cludes list­ing the area as a “pri­or­ity mar­ket” in a new Global Mar­kets Ac­tion plan.

The in­ter­na­tional trade plan, re­leased in Novem­ber 2013, tar­gets Cana­dian growth in three sets of coun­tries: de­vel­oped economies, emerg­ing mar­ket economies and “emerg­ing mar­kets with spe­cific op­por­tu­ni­ties.” The plan places spe­cial em­pha­sis on help­ing small and medium-sized com­pa­nies gain ac­cess to emerg­ing mar­kets.

“We un­der­stand that Asia’s rise is trans­form­ing and rapidly en­rich­ing hun­dreds of mil­lions of lives,” said Yelich at the Cana­dian Cham­ber of Com­merce event. “And, cer­tainly, Cana­dian businesses fully un­der­stand the mar­ket po­ten­tial here. Hong Kong has long pro­vided a se­cure, sta­ble and pros­per­ous eco­nomic base for scores of Cana­dian businesses.”

Hong Kong im­por ted C$2.465 bil­lion worth of mer­chan­dise from Canada, ac­cord­ing to lat­est fig­ures from Ex­port De­vel­op­ment Canada, the coun­try’s of­fi­cial ex­port credit agency. Hong Kong re­ceived C$7.1 bil­lion in di­rect in­vest­ment from Canada, the fig­ures showed.

“We want to en­sure that eco­nomic growth, job cre­ation and long-term pros­per­ity will be there for Cana­di­ans,” Yelich said.

In the first nine months of 2013, Canada ex­ported C$14.2 bil­lion of goods from China, and im­ported C$38.1 bil­lion, ac­cord­ing to fig­ures com­piled by in­de­pen­dent think tank Asia Pa­cific Foun­da­tion of Canada. Canada has a C$23.8 bil­lion trade deficit with China, the fig­ures showed.

Whi le in Guangzhou on Feb 25, Yelich presided over the sign­ing of a me­moran­dum of un­der­stand­ing (MOU) be­tween two Cana­dian and two Chi­nese vac­ci­na­tion re­search com­pa­nies that will work to­gether on re­search and de­vel­op­ment, man­u­fac­tur­ing, and test­ing of hu­man and vet­eri­nary vac­cines.

In ad­di­tion, the four com­pa­nies — the Vac­cine and In­fec­tious Dis­ease Or­ga­ni­za­tion – In­ter­na­tional Vac­cine Cen­tre, the Pan-Provin­cial Vac­cine En­ter­prise, the Guangzhou De­vel­op­ment District, and the South China United Vac­cine In­sti­tute Ltd — will work to­gether on mar­ket­ing the prod­ucts.

To con­clude the four-day trip in China, Yelich vis­ited Bei­jing on Feb 26 and 27, pro­mot­ing Canada- China co­op­er­a­tion in the nu­clear en­ergy sec­tor as well as the agri­cul­ture in­dus­try.

At the Sanyuan Group dairy farm in Bei­jing, which sources dairy cat­tle ge­net­ics from Canada, Yelich stressed the im­por­tance of col­lab­o­ra­tion be­tween the two coun­tries in the cat­tle and dairy in­dus­tries.

China im­ported C$7.5 mil­lion worth of bovine ge­net­ics in 2013, which was 20.3 per­cent in­crease from the 2012 ex­port amount, ac­cord­ing to Cana­dian govern­ment fig­ures.

In a meet­ing in Bei­jing with Cao Shudong, vice pres­i­dent of the China Na­tional Nu­clear Cor­po­ra­tion, and rep­re­sen­ta­tives of the China Gen­eral Nu­clear Power Group in Guangzhou, Yelich em­pha­sized a mu­tu­ally ben­e­fi­cial Canada-China nu­clear en­ergy re­la­tion­ship, say­ing that she looked for­ward to fu­ture ura­nium ex­ports to China from her home­town of Saskatchewan.


Min­is­ter of State for For­eign and Con­sular Af­fairs Lynne Yelich with chil­dren from the Cana­dian In­ter­na­tional School of Bei­jing, where 10 per­cent of the school’s stu­dents are Cana­dian. Yelich was on a four-day trip to China to pro­mote Canada-China trade, stop­ping in Hong Kong, Guangzhou, and Bei­jing.

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