British Columbia Increases Presence in Southeast Asia

British Columbia Increases Presence in Southeast Asia

November 3, 2016 Posted by Amrinder Sandhar

British Columbia has further expanded its trade and investment presence in Southeast Asia by opening an office in Jakarta, Indonesia, and announcing the opening of another in Johor Bahru, Malaysia, in early 2017. Both offices will promote British Columbia’s competitive advantages in the thriving Association of Southeast Asian Nations (ASEAN) region’s economy.

B.C’s trade and investment office in Jakarta, which opened in July 2016, offers B.C. companies strategic connections with Indonesian firms and promotes British Columbia as an attractive destination for investment. The Jakarta office, which also manages B.C.’s trade and investment activity in Singapore, will focus on key sectors where British Columbia has a competitive advantage such as Agrifoods, Aerospace & Marine and International Education, while also highlighting B.C.’s competitive tax structure, educated workforce and strong geographic connections to Asia with investors and companies from Southeast Asia.

“By having a trade presence in Indonesia and Malaysia, we are providing B.C. companies with access to on-the-ground experts who can help them succeed in both emerging markets,” said Teresa Wat, Minister of International Trade and Minister Responsible for Asia Pacific Strategy and Multiculturalism.

B.C.’s trade presence in Southeast Asia will provide a platform for B.C. companies to take advantage of the many opportunities in the ASEAN market, which is home to five of the world’s 20 fastest growing economies – the Philippines, Indonesia, Malaysia, Thailand and Singapore. ASEAN is a regional organization of 10 member countries headquartered in Jakarta and together, ASEAN markets rank fifth among destinations for B.C. goods exports.

Once the Malaysia office opens, B.C. will have 14 Trade and Investment Representative (TIR) offices located around the world. This international network connects B.C. businesses with new markets and trade opportunities and promotes British Columbia as a stable and attractive destination for investment.

British Columbia’s TIR’s play an integral role in the development and execution of international missions; they also identify investment leads and facilitate meetings with government stakeholders. Further, TIR’s work with the Ministry of International Trade’s team of specialists in British Columbia to help B.C. businesses further their overseas presence, and assist international businesses in discovering what B.C. has to offer as an investment destination.

If you are looking to expand your B.C. business internationally or learn more about opportunities for investment within B.C., our network of specialists offer a range of services.


 

 
 
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