Consider Canada City Alliance Representing 59% of Canadian GDP Delivers Infrastructure Opportunity Message on CETA During Three-City European Investment Mission
(Thomson Reuters ONE) -
Economic Development Executives From Canada's Major Cities Present Investment
Opportunities Related to Comprehensive Economic and Trade Agreement With
European Union
MADRID, SPAIN--(Marketwired - Nov 25, 2013) - Recognizing the massive
opportunity of Canada's largest trade deal ever offering market access to a
European Union population of 500 million people, this week the Consider Canada
City Alliance Inc. is on a three-city EU investment mission in support of the
Comprehensive Economic and Trade Agreement (CETA). The European Commission
estimates CETA could boost bilateral trade between Canada and the EU by 23%, or
CDN$37.7 billion.
Formally incorporated in 2012, the 11 member cities of the Consider Canada City
Alliance represent 54% of Canada's population, 56% of Canada's employment, 59%
of its GDP, and between 2007 and 2012, 72% of GDP growth and 90% of jobs growth.
This week's investment mission to Amsterdam, Madrid and Milan will emphasize
match-making sessions between European companies, significant private investors
and economic development executives from Canada's major cities. Canadian
investment seminars will detail major growth opportunities in infrastructure
innovation and services, advanced manufacturing and sustainable technology.
"Canada is enjoying an infrastructure super-cycle," said Bruce Graham, Chairman
of the Consider Canada City Alliance and President and CEO of Calgary Economic
Development. "The Canadian Manufacturing and Exporters (CME) estimates that
private energy and mining-related projects added to public infrastructure
projects over the next five years will be valued at a minimum of $350 billion."
"To build out these huge projects, Canadian cities need help from European
engineering services firms, architecture firms, advanced manufacturing tool
companies, financial and transportation companies," stated Graham.
In an article entitled "Canada doesn't get any sexier than this," The Economist
magazine pointed out that fully 70% of "rich-world GDP" is in services of the
type found in and required by Canada's large cities. CETA, stated The Economist,
"takes a crack at liberalising cross-border investment and trade in services in
ways that previous trade negotiations have rarely attempted. CETA would open
competition for large government contracts in Canada to European firms, and
grant Canadians more access to Europe's $2.6 trillion procurement market."
As European corporate and family investment arms set their sights on CETA-
related trade opportunity, they are also expressing a strong interest in
investing in Canadian companies in the renewable energy, information and
communication technology, food processing, pharmaceuticals and natural medicine,
and advanced manufacturing sectors. Through the North American Free Trade
Agreement (NAFTA), European investors now have access to an economy with a total
output of $18.6 trillion and a population of 460 million consumers.
"European demand for Canada's natural resources is accompanied by similar demand
for innovation, and we are showcasing more than 150 investment targets from
Canada's large cities during this EU trade mission," said Michael Darch,
President of the Consider Canada City Alliance. "This week we have scheduled
more than 200 one-on-one meetings with European investors looking to expand into
Canada."
18 representatives from 10 Canadian cities including Toronto, Montréal, Ottawa,
Calgary, Edmonton, Halifax, Québec City, Winnipeg, Waterloo Region and Saskatoon
are participating in the three-city EU investment mission to Amsterdam, Milan
and Madrid. They are working closely with partners from Invest in Canada and the
Department of Foreign Affairs, Trade and Development (DFATD), and European
partners including the Spanish Confederation of Employers' Organizations, the FD
Mediagroep in the Netherlands and Confindustria in Italy.
About the Consider Canada City Alliance
As a united front, Canada's large cities -- Toronto, Montréal, Vancouver,
Ottawa, Calgary, Edmonton, Halifax, Québec City, Winnipeg, Waterloo Region and
Saskatoon -- help international companies determine the best strategies for
business expansion and continually improve Canada's ability to attract new
investment and trade opportunities. For more information on the Consider Canada
City Alliance, please go to www.considercanada.com or www.canadaentete.com. Both
Web sites also contain links to Twitter, Facebook and Weibo social media
channels.
MEDIA CONTACT:
Bruce Graham
Consider Canada City Alliance Chairman
Calgary Economic Development President and CEO
www.calgaryeconomicdevelopment.com
P: 1.403.221.7831
E: bruce(at)calgaryeconomicdevelopment.com
Paul Brent
Senior Communications Strategist
market2world communications inc.
www.market2world.com
P: 1.613.256.3939
E: paul(at)market2world.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Consider Canada Alliance Inc. via GlobeNewswire
[HUG#1744766]
Unternehmensinformation / Kurzprofil:
Datum: 25.11.2013 - 06:01 Uhr
Sprache: Deutsch
News-ID 319778
Anzahl Zeichen: 5956
contact information:
Town:
Toronto, Ontario
Kategorie:
Business News
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