Asia Mission Strengthens Relationships in Key Markets

Asia Mission Strengthens Relationships in Key Markets

November 28, 2014 Posted by

Minister Wat meets with attendees at a business networking reception in Japan

Earlier this month, British Columbia’s Minister of International Trade, Teresa Wat, embarked on a trade mission to China, Korea and Japan, aimed at strengthening relationships and expanding markets for B.C. companies. The mission was a success with the minister forging stronger relationships with business and government leaders as well as promoting key sectors within British Columbia.

In China, a memorandum of understanding (MOU) for economic partnerships between B.C. and Qingdao, Shandong Province in China was signed. The agreement paves the way for increased trade and investment ties in key sectors, including ocean technology, agriculture, international education and clean technology. The Minister also attended the China Fisheries and Seafood Expo, the largest seafood exhibition in Asia where eighteen local companies participated.

In South Korea, Wat focused on new export opportunities for B.C. under the Canada-Korea Free Trade Agreement (CKFTA).  She is the first Canadian provincial trade minister to visit Korea since the signing of the CKFTA, and used the visit to highlight the importance of South Korea as a market for B.C. exports.
The Minister capped off the mission in Japan, promoting B.C. as a stable partner and resource for Japan’s future energy needs, including liquefied natural gas (LNG). She also met with key Japanese companies to discuss the benefits of investing in British Columbia and establishing a North American presence in the province.

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