Jiangsu, Ontario build closer ties
Trade flourishes when there is a favorable environment for it between two countries and this environment can be enhanced when governments give it a little push.
The best proof of this was the recent Ontario trade mission to China led by Premier Kathleen Wynne.
With 2015 marking the 30th Anniversary of the Ontario-Jiangsu Friendship Accord, Jiangsu International Business Association of Canada (JSIBAC) and seven of its members took part in the mission to China in early November.
The members worked on developing their business contacts in China.
In Nanjing, the capital city of Jiangsu province, Ontario’s sister province, the mission’s corporate member, Menergy Corporation, signed four major deals with Chinese companies in the areas of clean technology and renewable energy, with a total investment of $1.1 billion that will create 80 jobs in Ontario.
On behalf of Canada St. Michael’s Hospital, vice president of JSIBAC Gu Yu signed two deals on joint cancer and psychotherapeutic research with Jiangsu Province Hospital of TCM; and Canada TVO along with CBS Consulting Inc was able to nail down an agreement with Wuxi Education TV station by providing online education program.
Lead by its president Howard Shen, JSIBAC played an instrumental role in bringing the city of Wuxi, Jiangsu province, and Durham, Ontario, together on a commitment to develop strong ties by signing a friendship-city memorandum of understanding on Nov 9 in Wuxi during the mission.
“We believe that in the future, trade relations between the two provinces of Ontario and Jiangsu will flourish even more, especially when Canada and China get a free trade agreement in place,” said Shen.
Michael Chan (sixth from left), Ontario minister of Citizenship, Immigration and International Trade, was joined by Howard Shen (second from left), president of Jiangsu International Business Association of Canada, and the delegates of Ontario trade mission to China, to witness the signing ceremony of Letter of Intent on establishment of Friendship City and Cooperation Project between Wuxi, China and Durham, Canada on Nov 9 in Wuxi.