Wynne leads $1b mis­sion

Deals, MOUs signed on full range of sec­tors

China Daily (Canada) - - FRONT PAGE - By NA LI in Toronto re­nali@chi­nadai­lyusa.com

On­tario Premier Kath­leen Wynne be­gan her sec­ond trade mis­sion to China in Nan­jing on Nov 6 by an­nounc­ing $1.2 bil­lion in new agree­ments.

Men­ergy Cor­po­ra­tion, based in Markham, On­tario, signed four agree­ments with Chi­nese com­pa­nies val­ued at an es­ti­mated $1.1 bil­lion and that will cre­ate 80 new jobs in On­tario.

The new con­tracts in­clude com­mit­ments to de­velop a large data plat­form with the Jiangsu Branch of China Tele­com val­ued at $10 mil­lion, a $300 mil­lion re­gional cen­tral­ized en­ergy sta­tion in China with China En­ergy Con­ser­va­tion & En­vi­ron­men­tal Pro­tec­tion Group, the de­sign and in­stal­la­tion of a $200 mil­lion geo­ther­mal project in China with Gome Group and co­op­er­a­tion with Shen­zhen Das In­tel­litech to in­vest $600 mil­lion in a re­gional en­ergy sta­tion.

“My sec­ond mis­sion to China is al­ready yield­ing im­pres­sive re­sults for the peo­ple and busi­nesses of On­tario,” said Wynne. “To­day’s es­ti­mated $1.2 bil­lion in agree­ments will gen­er­ate jobs and in­vest­ments in our prov­ince, and the new MOUs in post­sec­ondary ed­u­ca­tion be­tween On­tario and Jiangsu will help our ed­u­ca­tional in­sti­tu­tions share in­for­ma­tion and work to­gether on new dis­cov­er­ies.”

Wynne also joined the Jiang­suOn­tario Univer­sity Pres­i­dents’ Al­liance in an­nounc­ing mul­ti­ple new MOUs that will help On­tario and Jiangsu post­sec­ondary in­sti­tu­tions work to­gether.

While in Nan­jing, Premier Wynne and the On­tario science and tech­nol­ogy del­e­ga­tion par­tic­i­pated in the 4th Global R&D Sum­mit to show­case On­tario’s strong cul­ture of in­no­va­tion and dis­cuss how the re­gions can col­lab­o­rate on fu­ture science and tech­nol­ogy projects.

“This strong start to the China mis­sion is tes­ta­ment to the strength and di­ver­sity of On­tario’s econ­omy,” said Brad Duguid, On­tario’s min­is­ter of eco­nomic de­vel­op­ment, em­ploy­ment and in­fra­struc­ture. “We have a broad range of com­pa­nies that are both ex­perts in their field and adept at build­ing in­ter­na­tional part­ner­ships.”

Wynne and mem­bers of On­tario’s del­e­ga­tion met with Chi­nese com­pa­nies and re­search or­ga­ni­za­tions in Shang­hai on Nov 9 to sign new agree­ments val­ued at more than $500 mil­lion.

There Wing On New Group Canada Inc and Heysroad Tech­nol­ogy, ZTE Corp signed a $210 mil­lion agree­ment to im­port food and Cana­dian nu­tri­tional prod­ucts into China. Shang­hai Zhengda In­vest­ment De­vel­op­ment Co also signed a $50 mil­lion agree­ment with Wing On New Group Canada to es­tab­lish an ex­hi­bi­tion cen­tre in China and im­port Cana­dian pro­duce.

“China is On­tario’s sec­ond-largest trad­ing part­ner and the agree­ments reached in Shang­hai are a tes­ta­ment to the strength of our part­ner­ship,” said Michael Chan, min­is­ter of cit­i­zen­ship, im­mi­gra­tion and in­ter­na­tional trade. “This busi­ness mis­sion is an ex­cel­lent op­por­tu­nity to con­tinue build­ing mu­tu­ally ben­e­fi­cial gov­ern­ment and busi­ness re­la­tion­ships that lead to new jobs and in­vest­ment for our prov­ince.”

Wynne also met with the Chief Ex­ec­u­tive of the Hong Kong Spe­cial Ad­min­is­tra­tive Re­gion CY Le­ung on Nov 10 in Hong Kong, On­tario’s third-largest ex­port mar­ket.

My sec­ond mis­sion to China is al­ready yield­ing im­pres­sive re­sults.”

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