BC government signs historic agreement to enhance trade, investment and other mutually beneficial connections.
Just about a week ago, and without much fanfare, the BC government signed a Memorandum of Understanding with the Peoples Republic of China, to “deepen their mutually beneficial trade, investment and cultural connections.” http://www.newsroom.gov.bc.ca/2014/04/china-and-bc-sign-agreement-to-increase-trade-and-investment-links.html
The Memorandum of Understanding (MOU) was signed by B.C. Minister of International Trade Teresa Wat and Liu Fei, Consul-General of the People’s Republic of China in Vancouver.
The Ministry of International Trade and the Consulate General agreed to establish a formal series of high-level dialogues and exchanges to build upon the foundation of friendly people-to-people, community and business relations that exist between British Columbia and China.
Features of the MOU include:
- B.C. and China will seek to improve market access by exchanging information about trade and investment opportunities, and government, institutional and business sector programs and practices in each other’s markets and sectors.
- Hosting trade and investment missions in both directions.
- Encouraging business and investor participation in each other’s trade and investment promotion forums and matching activities.
- Facilitating contacts and networking opportunities for British Columbian and Chinese business leaders and investors.
- The participants will also look to promote cultural understanding and friendly people-to-people and community relations by highlighting and promoting existing and new British Columbia-China sister city and sister province relationships.
- Collaborating on community outreach efforts to increase awareness of the importance and value of the China-Canada relationship.
The MOU identifies initial sectors for co-operation, including natural resources (natural gas, forestry, mining); agri-foods; technology, clean technology and the green economy; international education; transportation infrastructure, and tourism. The agreement will operate for a three-year period with automatic renewal. A contact person from each jurisdiction will be selected to monitor and report annually on progress.
You can read the full two page document, here: http://www.llbc.leg.bc.ca/public/pubdocs/bcdocs2014/541755/mou_british_columbia_and_the_consulate_general_of_the_people%27s_republic_of_china.pdf
Interestingly enough, the BC government also states that: “China…. is identified as a priority market in the BC Jobs Plan” ….
Let’s hope that’s not via the Harry Bloy method … https://lailayuile.com/2014/04/08/and-would-those-foreign-trained-workers-be-temporary-harry-bloy/
H/T to NVG for the heads up!! 🙂 As well, check back later tonight or tomorrow a.m. for a great new post involving one of my favourite BC construction companies that has many professionals asking some serious questions.