Canadian firms in US$3b deals
Source: Agencies |
February 10, 2012, Friday
|
Print Edition
Print Edition
CANADA'S Prime Minister Stephen Harper lauded stronger relations with China after Canadian businesses signed nearly US$3 billion worth of deals with Chinese enterprises yesterday.
Harper witnessed the signing of 23 agreements between Canadian and Chinese companies.
The deals cover areas including aviation, finance, rail transit, mining, telecommunications, construction, environmental protection, education, and pharmaceuticals.
"Canada has the resources, technological sophistication, and geo-strategic positioning to complement China's economic growth strategy," Harper said in a speech at the fifth China-Canadian Business Forum in Beijing.
"And China's growth, in turn, complements our determination to diversify our export markets."
The companies that signed deals yesterday included aircraft and train builder Bombardier Inc and telecom companies Telus Corp and Bell Canada, Harper said.
Bombardier won several contracts to supply rail cars and other technology for Chinese public transit systems while the Canadian telecoms companies will upgrade their networks, Harper said.
40-strong delegation
Harper is heading a 40-strong delegation of Canadian business leaders on his trip aimed in part at pushing oil sales and closer economic ties following President Barack Obama's rejection of a pipeline carrying Canadian oil across the continental United States.
In a speech at the same forum, Chinese Vice Premier Li Keqiang made a pitch for China as a ready buyer of Canadian energy.
"Canada is one of the countries with a deep energy and resource reserve. China is a stable and reliable consumer market," he said.
Li added that the sides should facilitate large-scale cooperation in oil, gas and mineral resource projects as well as work together more on nuclear and clean and renewable energy.
Trade between the two countries surged to almost US$50 billion in 2011, according to official Chinese figures. Li said they should work to raise bilateral trade to US$60 billion by 2015.
Harper met Chinese President Hu Jintao yesterday and the two agreed to promote greater cooperation. "The two countries should enhance dialogue in the political field in a bid to expand common ground," Hu said.
Harper witnessed the signing of 23 agreements between Canadian and Chinese companies.
The deals cover areas including aviation, finance, rail transit, mining, telecommunications, construction, environmental protection, education, and pharmaceuticals.
"Canada has the resources, technological sophistication, and geo-strategic positioning to complement China's economic growth strategy," Harper said in a speech at the fifth China-Canadian Business Forum in Beijing.
"And China's growth, in turn, complements our determination to diversify our export markets."
The companies that signed deals yesterday included aircraft and train builder Bombardier Inc and telecom companies Telus Corp and Bell Canada, Harper said.
Bombardier won several contracts to supply rail cars and other technology for Chinese public transit systems while the Canadian telecoms companies will upgrade their networks, Harper said.
40-strong delegation
Harper is heading a 40-strong delegation of Canadian business leaders on his trip aimed in part at pushing oil sales and closer economic ties following President Barack Obama's rejection of a pipeline carrying Canadian oil across the continental United States.
In a speech at the same forum, Chinese Vice Premier Li Keqiang made a pitch for China as a ready buyer of Canadian energy.
"Canada is one of the countries with a deep energy and resource reserve. China is a stable and reliable consumer market," he said.
Li added that the sides should facilitate large-scale cooperation in oil, gas and mineral resource projects as well as work together more on nuclear and clean and renewable energy.
Trade between the two countries surged to almost US$50 billion in 2011, according to official Chinese figures. Li said they should work to raise bilateral trade to US$60 billion by 2015.
Harper met Chinese President Hu Jintao yesterday and the two agreed to promote greater cooperation. "The two countries should enhance dialogue in the political field in a bid to expand common ground," Hu said.
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