“By beginning formal negotiations with Taiwan towards the Foreign Investment Promotion and Protection Arrangement, we are trying to secure new opportunities to get investment to support sustainable growth, establish new collaborations, and ensure good, well-paying jobs. ” Producing investment opportunities across borders is key to ensuring Canada’s extensive growth, future prosperity, along with a more resilient, inclusive, plus sustainable economy. The two Ministers discussed their shared desire to strengthen trade plus investment between Canada and Taiwan, and agreed to begin formal negotiations on a International Investment Promotion and Defense Arrangement. Today, the particular Honourable Mary Ng, Minister of International Trade, Foreign trade Promotion, Small Business and Economic Development, spoke with Taiwan’s Minister without Portfolio, David Deng, in the capacity of Trade Representative. – Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development Overall the discussion, Minister Ng emphasized that Taiwan is really a key trade and expense partner, especially as Europe deepens its economic relationships and relationships in the Indo-Pacific region as part of its Indo-Pacific Strategy.
Quotes
February 7, 2023 – Ottawa, Ontario — Global Affairs Canada The Ministers underscored the value of creating greater access to investment potential for businesses of sizes and sectors in Canada and Taiwan. Ressortchef (umgangssprachlich) Ng noted the for you to build on the current trading connection, particularly in the advanced manufacturing sectors and agriculture.
Quick facts
- In 2021, Canada’s two-way merchandise industry with Taiwan totaled $10. 2 billion, up 37. 1% from $7. four billion in 2020.
- In 2021, Canada’s two-way services trade with Taiwan was $1. 5 billion, up from $1. two billion in 2020.
- In 2021, dual end investment with Taiwan attained $639 million, with Taiwanese direct investment in Europe standing at $284 mil and Canadian direct expense in Taiwan at $355 million.
