Canada Highlights Trade and Investment Opportunities with Southeastern Europe

February 28, 2014 - Toronto, Ontario - Foreign Affairs, Trade and Development Canada

Erin O’Toole, Parliamentary Secretary to the Minister of International Trade, today highlighted Canada’s growing trade relationship with Southeastern Europe during remarks he delivered at the NATO Council of Canada Conference on Investment and Business Opportunities in South Eastern Europe.

The Parliamentary Secretary highlighted the importance of trade and investment to create opportunities and prosperity, and to strengthen the security alliance.

Last year was a landmark for Canada’s economic partnership with Southeastern Europe. In addition to the conclusion of the trade agreement between Canada and the European Union, Canada also concluded or brought into force three foreign investment promotion and protection agreements (FIPAs) with Southeastern European countries: Albania, Serbia and Moldova. Those three were part of the 10 that Canada concluded or brought into force in 2013, which was a record for one year.

The forum, titled Business and Investment Opportunities in Southeastern Europe, brings together senior representatives of public and private organizations to discuss trade and investment potential in the following sectors: energy exploration and development, renewable energy, mining and resources, construction, infrastructure and transportation.

The NATO Council of Canada is an independent, non-profit non-governmental organization founded in 1966 to promote knowledge and understanding of international peace and security and the North Atlantic Treaty Organization in Canada.

Quick Facts

  • The total annual trade between Canada and Southeastern European countries participating in today’s forum (Albania, Bulgaria, Georgia, Greece, Hungary, Macedonia, Serbia and Turkey) was valued at nearly $3.6 billion for 2013.
  • Canada is currently negotiating a FIPA with Macedonia.

Quotes

“Our government is committed to creating jobs and new opportunities for Canadian businesses to expand internationally. Canadian investments in Southeastern Europe are helping generate economic development in these emerging markets while creating jobs and growth here at home.”

- Erin O’Toole, Parliamentary Secretary to the Minister of International Trade

Associated Links

Contacts

Shannon Gutoskie
Press Secretary
Office of the Honourable Ed Fast
Minister of International Trade
613-992-7332

Media Relations Office
Foreign Affairs, Trade and Development Canada
613-995-1874
media@international.gc.ca
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