November 6, 2018 – Shanghai, China – Agriculture and Agri-Food Canada
Canada and China have a longstanding partnership and our commercial relations continue
to grow. Canada is diversifying into fast-growing Asian markets to open up new opportunities
for a wide range of Canadian businesses, which is an important part of creating
new jobs and economic growth that will further strengthen Canada's middle class.
Lawrence MacAulay, Minister of Agriculture and Agri-Food, is currently in Shanghai
participating in the International Import Expo (CIIE) which runs from November 5-10,
2018. Participating in the expo represents the importance that Canada places on
expanding our trade relationship with China. The expo will showcase the high-quality
products and services that Canada has to offer and will provide Canadian businesses
from across various sectors with new opportunities to grow and expand.
Minister MacAulay witnessed important signing ceremonies between Canadian companies
and Chinese companies, worth an industry-estimated $620 million CAD. Agreements
signed represent the growing diversity of Canada's trade and investment relationship
with China, as deals were signed in sectors ranging from agri-food to aerospace
to life sciences and transportation.
Canada was designated as one of twelve countries of honour at the CIIE. The Canadian
National Pavilion includes federal, provincial and territorial partners, and Canadian
businesses. Apart from the National Pavilion, dozens of Canadian companies will
participate in the Business Exhibition.
"Canada is a trading nation that is focused on growing trade relationships, including
diversifying into new and rapidly growing markets like China. I am proud to participate
in the Expo to build upon current friendships, as well as establish new friendships
with government counterparts and business partners in China. These relationships
will help to expand opportunities for Canadian businesses, including exporters,
farmers and processors." The Honourable Lawrence MacAulay, Minister of Agriculture
"This expo provides an excellent platform to promote Canada's world-class products
and services to buyers in the lucrative Chinese market. By joining large-scale events
like the CIIE, we are creating opportunities for our exporters and other businesses
looking to break into new and fast-growing markets in Asia. Canada continues to
work with China on initiatives that provide meaningful access for more Canadian
producers, entrepreneurs and companies of all sizes." The Honourable Jim Carr, Minister
of International Trade Diversification
- China is Canada's second-largest single-country merchandise trading partner.
- In 2017, two-way merchandise trade between the countries reached nearly $94.5 billion
in value, accounting for 8.4% of Canada's total merchandise trade.
- Approximately 50 Canadian exhibitors are part of the Canadian Pavilion at CIIE.
- The 2017 agricultural trade mission to China generated over $300 million in new
sales – blueberries, barley, ice wine and swine genetics.