Premier’s Mission Builds Opportunities for ICT and Wireless Businesses

Premier’s Mission Builds Opportunities for ICT and Wireless Businesses

November 6, 2015 Posted by Regan Macdonald

Premier Christy Clark and Minister Teresa Wat at the MOU signing ceremony in Shenzhen, China.

The high-tech communications sector is a focus of Premier Christy Clark’s international trade mission to China from Oct. 30 to Nov. 7, 2015. This focus builds on the attention that B.C. drew when a delegation led by International Trade Minister Teresa Wat visited China’s “silicon valley” in spring 2015.

The Chinese market for information and communications technology and wireless (ICT&W) is a rich one, both for internal consumers and as a major centre of the global supply chain. B.C.’s growing hub of communications technology companies, universities with leading-edge research capabilities, and our strong domestic talent pool can fuel growth and increase exports to China.

Chinese companies have shown interest in B.C.’s communications technology sector. A delegation of Shanghai digital media companies met B.C. businesses at the August 2014 SIGGRAPH conference in Vancouver, and a visit to B.C. by leading Shanghai information companies took place in December 2014.

B.C. and Shanghai have an agreement to advance economic partnerships with the purpose of identifying and advancing trade and investment opportunities. A 2015 action plan focuses on facilitating commercial partnerships between B.C. and Shanghai businesses in the technology sector.

During the fall 2015 trade mission, Premier Clark and Minister of International Trade Teresa Wat met with Shenzhen Party Secretary Ma Xingrui to sign two MOUs – one on low-carbon development and clean technology co-operation; the other on trade and investment co-operation. The MOU on trade and investment co-operation will help to expand and strengthen co-operation in trade promotion and two-way investment between B.C. and Shenzhen, in areas such as clean technology, information and communications technology (ICT), digital media and natural resources.

Trade missions such this one are a critical part of British Columbia’s strategy to diversify its international trading partners and secure new investment. International Trade Minister Teresa Wat will continue the mission with a trip to Vietnam until November 11.

British Columbia has 11 trade and investment representative office locations (TIRs) around the world with four offices located in China: Guangzhou, Hong KongBeijing, and Shanghai. The TIR team works alongside the ministry’s British Columbia-based trade and investment team to make introductions to potential buyers, investors and other in-market partners. They also help B.C. companies and communities identify attractive investment opportunities.

If you are looking to expand a B.C. business internationally or partner with B.C. businesses, the B.C. Ministry of International Trade can help you connect with trade experts, local contacts, and potential clients through these networks and servicesContact our team today.
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