In­vestors eye Canada’s White North

China Daily (Canada) - - FRONT PAGE - By WANG RU wan­gru@chi­

A del­e­ga­tion of gov­ern­ment and in­dus­try pro­fes­sion­als from Canada’s North­west Ter­ri­to­ries (NWT) vis­ited China this week to pro­mote the un­tapped abun­dant nat­u­ral re­sources and tourism.

The del­e­ga­tion was led by Premier Bob McLeod, and ac­com­pa­nied by Min­is­ter David Ram­say, the Depart­ment of In­dus­try, Tourism and In­vest­ment, and a num­ber of of­fi­cials and busi­nesses in the wild fur, min­ing, and tourism sec­tors.

Or­ga­nized by the Canada China Business Coun­cil (CCBC), the del­e­ga­tion met rep­re­sen­ta­tives from the Chi­nese min­ing and tourism in­dus­tries and at­tended a fur cloth­ing ex­hi­bi­tion in Beijing. After the visit in China, the del­e­ga­tion was sched­uled to fly to Tokyo to strengthen ties with Ja­pan, es­pe­cially in tourism.

“We are here to strengthen our Ter­ri­tory’s ties with China and to iden­tify ways that help us all to grow our shared busi­nesses and in­vest­ment in­ter­ests,” said McLeod on Tues­day in Beijing.

“We see a fu­ture in com­bin­ing China’s im­port needs with our sup­ply, in­te­grat­ing China’s in­creas­ing for­eign in­vest­ment cap­i­tal with our cap­i­tal in­fras­truc­tures re­quire­ments, and har­ness­ing emerg­ing trans­porta­tion op­por­tu­ni­ties—from Arc­tic shipping to Liq­ue­fied Nat­u­ral Gas ter­mi­nals,” said McLeod, on his fifth visit to China.

“For the North­west Ter­ri­to­ries, our re­la­tion­ship with China is still in its early stages, yet we know that this re­la­tion­ship holds tremen­dous po­ten­tial,” said McLeod. “We have much to of­fer that I be­lieve may be of in­ter­est to your busi­nesses. We have highly de­sir­able di­a­mond and lux­ury wild fur. We have un­tapped min­eral and en­ergy re­sources. And we have a grow­ing tourism in­dus­try. We have the prod­ucts and now need to build part­ner­ships to help bring them to the world.”

Chi­nese in­dus­trial rep­re­sen­ta­tives who at­tended the lun­cheon on Tues­day showed their in­ter­ests and also con­cerns about in­vest­ment in the area.

“I think Chi­nese in­vestors must know clearly about the lo­cal poli­cies and in­vest­ment en­vi­ron­ment such as em­ploy­ment cost and tax,” said Kang Guo­qing, vice pres­i­dent of CAMCE Hold­ing Inc. , a Chi­nese min­ing con­struc­tion company based in Canada.

“Com­pared to Aus­tralia, also China’s ma­jor min­ing in­vest­ment and trade part­ner, Canada needs to try harder to lure Chi­nese in­vestors and give them con­fi­dence to invest,” said Ding Yan­ping, man­ag­ing di­rec­tor of CMI Re­sources Co Ltd, a min­ing con­sul­tant company based in Beijing.

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