Minister Van Loan Touts Canadian Economy on World Stage

Announces Invest in Canada Week in China to bolster investment and trade

(No. 179 - June 1, 2010 - 4 p.m. ET) The Honourable Peter Van Loan, Minister of International Trade, today in Shanghai announced Invest in Canada Week to attract foreign direct investment. The investment week will take place at the Canada Pavilion in October, during the Expo 2010 Shanghai China world’s fair.

“The world has taken notice of Canada’s enduring financial strengths and economic advantages,” Minister Van Loan told a Shanghai audience of business leaders and potential investors. “Our government will continue to highlight Canada as the best place to do business in the G-7. The Invest in Canada Week is part of an ongoing initiative that began at the 2010 Olympic Winter Games in Vancouver. The business program will run from October 18 to 22, 2010.”

Minister Van Loan has been promoting the many advantages that Canada offers its partners, in particular those in Shanghai and elsewhere in China:

  • an open and attractive free enterprise environment;
  • the lowest debt in the G-7;
  • the fastest projected economic growth in the G-7 in 2010, 2011 and 2012, according to the International Monetary Fund;
  • the world’s soundest banking system, according to the World Economic Forum;
  • a skilled workforce and a vibrant environment for innovation; and
  • a high quality of life.

“Canada is ahead of the curve in achieving success and growth as the global economy recovers,” said the Minister. “This visit and my next in October signal that we are serious about strengthening the long-standing commercial ties between Canada and China.”

Canada’s economy grew 6.1 percent in the first quarter of 2010, the strongest quarterly rate of economic growth in nearly a decade.‪ Canada’s Economic Action Plan has strengthened Canada’s economy, as consumer spending and business investment increase.

The Invest in Canada Week in October will consist of panel discussions, workshops, one-on-one meetings and networking opportunities designed to showcase the best that Canada has to offer. Each day will focus on a flagship Canadian sector, such as the automotive, life sciences, clean technology, information and communications technologies, and mining and natural resources sectors. Well-known Canadian and international business leaders will highlight areas of Canadian expertise that complement emerging trends in China.

For more information, please visit Invest in Canada.

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For further information, media representatives may contact:

Monika Bujalska
Press Secretary
Office of the Honourable Peter Van Loan
Minister of International Trade
613-992-9304

Trade Media Relations Office
Foreign Affairs and International Trade Canada
613-996-2000