Tag Archives: Louissa

Premiers China Trade Mission Gets Results

by ,

first_imgNova Scotia and Canada are seeing important results from the premiers’ trade mission to China. Yesterday in Beijing, Premier Darrell Dexter, who is leading the mission, met with the director of the State Oceanic Administration (SOA), which oversees ocean technology research and development for the Chinese government. During the meeting, Nova Scotia and SOA agreed to pursue co-operation in three areas: marine coastal management; marine disaster mitigation; and marine energy, including tidal energy. “This is a promising development that could result in tremendous opportunities to advance the province’s knowledge in this area, particularly in tidal energy,” said Premier Dexter. Also in Beijing, the premiers met with Chinese vice-premier Wang Qishan who serves under Premier Wen Jiabao in the State Council of the People’s Republic of China. During the meeting, the premiers discussed their ambitious trade and investment agendas in which Chinese markets play a key role. The premiers also met with Chen Deming, China’s Minister of Commerce, and discussed Canada’s relationship with China, including $65 billion worth of trade in 2010 and $15.4 billion worth of two-way investment. Canada’s provinces and territories play an important role in developing and maintaining this economic relationship. The premiers also discussed numerous opportunities to expand investment, given the conclusion of the Canada-China Foreign Investment and Protection Agreement negotiations. In addition, Premier Dexter and Premier Alison Redford co-led a meeting with Li Fanrong, CEO of China National Offshore Oil Corporation (CNOOC). Discussions focused on CNOOC’s desire to continue investment in Canadian energy projects and the premiers addressed investment opportunities in their provinces and territories. Premier Dexter also discussed the recent $970-million Shell Canada exploration investment in Nova Scotia’s offshore and other offshore opportunities. The premiers also had productive meetings with Huang Danhua, vice-chairwoman of the State-Owned Assets Supervision and Administration Committee (SASAC) and Zhang Xiaoqiang, vice-minister and deputy chairman of the National Development and Reform Commission (NDRC). “Simply put, for Canada, trade means jobs,” said Premier Dexter. “What we have found these past few days is a generous host that is keen to develop the same economic ties that we are seeking.” Other business in China includes signing a new trade agreement between Atlantic Canada Resources and Shenzhen LeTianTian Food Company that will ensure the purchase of seafood from Nova Scotia continues. On Saturday, Premier Dexter will attend the signing of a memorandum of understanding between Cape Breton University and China Synfuels that will lead to an agreement to develop a Synfuels research and development laboratory at CBU’s Verschuren Centre. Under the agreement, the two parties will explore joint research programs and collaborate on commercialization of synthetic fuels. The premiers are leading a delegation of 110 business and institutional leaders on the mission. Premiers and delegates will proceed to Shanghai on Saturday and to Hong Kong on Sept. 19. The Council of the Federation mission ends Sept. 20. The Council of the Federation comprises all 13 provincial and territorial premiers. It allows premiers to work collaboratively to strengthen the Canadian federation by fostering a constructive relationship among the provinces and territories and with the federal government. For more information on the mission to China visit novascotia.ca/cof/ .last_img read more