OTTAWA, ON, FEB. 27, 2014 - Investors in Japan and Taiwan will get a chance to learn about the world’s best-kept secret when a group of Canadian government and business leaders visit Tokyo, Osaka, Nagoya and Taipei, February 24 to March 4.
Michael Darch is president of the 12-member Consider Canada City Alliance—the group that is partnering with Canada’s Department of Foreign Affairs, Trade and Development to tell Canada’s story.
“Canada may not be top-of-mind with most international investors,” says Darch, “but it should be.” He goes on to explain why.
Both Forbes and Bloomberg say Canada is the best G-20 country in which to do business.
The Economist predicts that, from 2014 to 2018, Canada will be the best G-7 country in which to do business.
According to the World Bank, Canada is the easiest G-7 country in which to start a business.
For the sixth consecutive year, the World Economic Forum has declared Canada’s banking system the soundest in the world.
Canada’s corporate tax rates are the lowest in North America.
“And, to top it off,” says Darch, “Canada’s bilateral and multilateral trade agreements offer international investors unparalleled access to markets the world over.”
As an example, Darch cites the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union (EU). Once the agreement comes into force, foreign investors will have preferential access to EU and North American markets—some 980 million consumers, with a combined GDP of $35 trillion.
Foreign investors doing business in Canada will have access to even more global markets as a result of free trade negotiations between Canada and the Trans-Pacific Partnership and bilateral talks involving India, Korea and Japan.
“When you add to this projected expenditures in Canada of $800 billion in oil and gas, mining and municipal infrastructure projects, you begin to get some sense of just how exciting investment opportunities in Canada really are,” says Darch.
Over the nine-day mission, investment seminars and one-on-one meetings between investors and Canadian businesses will showcase opportunities in:
Information and communications technologies
In Nagoya, the focus will be on advanced manufacturing and agri-business. In Taipei, an investment summit will explore opportunities in e-health and innovation.
Darch says Japanese and Taiwanese investors attending the upcoming talks will have something else to look forward to—a more reasoned, rational approach to decision making.
“The 12 cities that make up the CCCA represent 54 per cent of the Canadian population, 56 per cent of Canada’s employment and 59 per cent of Canada’s GDP. From 2007 to 2012, they accounted for 72 per cent of the increase in Canada’s GDP, and 90 per cent of the country’s job growth.
“Instead of competing with one another, these cities—and the regions they represent—have come together to help investors understand their respective strengths, and the compelling reasons for doing business in Canada.”
According to Darch, this means prospective investors will be spared the trouble of trying to assess a bewildering number of competing proposals—as cities, states and regions attempt to out-do one another.
“We take an entirely different approach,” says Darch. “We’re here to help investors match their objectives to the opportunities and capabilities offered by our member cities and regions. When we collaborate, investors win.”
Incorporated in 2012, the Consider Canada City Alliance is made up of 12 of Canada’s largest cities—Toronto, Montréal, Vancouver, Ottawa, Calgary, Edmonton, Halifax, Québec City, Winnipeg, the Waterloo Region, London and Saskatoon. The alliance helps international companies determine the best strategies for business expansion.
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