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Creating Winning Conditions:

Creating Winning Conditions:. What governments can do to advance economic relations with China and India. Michael Holden | Canada West Foundation | May 2011. Presentation Overview Current State of Trade and Investment Recent Policy Initiatives Additional Policy Considerations.

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Creating Winning Conditions:

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  1. Creating Winning Conditions: What governments can do to advance economic relations with China and India Michael Holden | Canada West Foundation | May 2011

  2. Presentation Overview Current State of Trade and Investment Recent Policy Initiatives Additional Policy Considerations Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  3. Canada’s trade relationship with China and India is expanding rapidly… Source: CWF calculations using Statistics Canada data Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  4. …as is Alberta’s. Source: CWF calculations using Statistics Canada data Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  5. China is a far more significant trading partner, both nationally… 2010 Trade To China: Exports: $13.2 b Imports: $44.5 b To India: Exports: $2.1 b Imports: $2.1 b as a % of total trade worldwide 17.5% of western Canada’s exports in 2009. Source: CWF calculations using Statistics Canada data Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  6. …and provincially. $141 million Source: CWF calculations using Statistics Canada data Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  7. Even in China, however, Canada is running to stand still. Source: CWF calculations using data from the National Bureau of Statistics of China and the Indian Department of Commerce Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  8. Both China and India are emerging as major sources of FDI into Canada. • FDI into Canada (2010): • China: • Total FDI: $14.1 billion • 7th-largest source of FDI • into Canada • India: • Total FDI: $6.6 billion • 11th-largest source of FDI • into Canada Source: Statistics Canada Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  9. Presentation Overview Current State of Trade and Investment Recent Policy Initiatives Additional Policy Considerations Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  10. Federal Government Initiatives: • Global Commerce Strategy • China and India identified as priority markets • DFAIT: China and India “present enormous business • opportunities and…are key links to global value • chains.” • India Engagement Strategy Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  11. Federal Government Initiatives: • Key initiatives/developments: • Free trade negotiations with India (November 2010) • Canada granted Approved Destination Status by China • (2010) • Canada-China Science and Technology Agreement (2007) • BIT agreement with India (completed June 2007) • Canada-India Science and Technology Agreement (2005) • BIT negotiations with China (ongoing since 2004) • Asia-Pacific Gateway and Corridor Initiative Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  12. Provincial Government Initiatives: • Fewer policy tools available for provincial governments • Power to sign international treaties falls under federal • jurisdiction • 2. Key initiatives/developments: • Frequent government-led trade missions • Establishment of overseas offices • New West Partnership: AB, BC, SK to cooperate on • trade and investment development Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  13. Presentation Overview Current State of Trade and Investment Recent Policy Initiatives Additional Policy Considerations Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  14. Federal Government: • Sustained policy commitment and focus are required • Global Commerce Strategy: 13 “priority markets” • include more than 90 countries • Consistent and adequate funding • Will a majority government improve policy efforts? • 2. Domestic transportation issues need to be addressed • Are APGCI investments sufficient? • West coast pipeline issues and related energy policies Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  15. Federal Government: • Foreign direct investment rules need to be clarified • China and India are becoming major investors in energy • and other “strategic” Canadian assets • Concerns over foreign (state-owned) control of Canadian • resources • Recent high-profile rejections call into question the • transparency and predictability of the investment review • process Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  16. Federal/Provincial Governments: • Improve government engagement and visibility overseas • Commercial relations and government-to-government • ties are closely connected in many Asia-Pacific markets • Frequent visits by government leaders send an important • signal about their commitment to building commercial • ties Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  17. Provincial Government: • Continue cooperative efforts through the New West Partnership • Helps to ensure consistency of messaging • Presents a united front overseas • Better use of available resources and market intelligence • Develop education- and tourism-specific strategies • Service sector opportunities should not be overlooked • Canada has lagged Australia and others in exploiting • opportunities in education services • ADS could be a boon to Alberta Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  18. Final Thoughts: • China and India hold enormous market potential for Alberta and Canada • 2. Many policy options for improving economic ties with China and India • 3. Most important determinant of success is a sustained and concerted policy effort Creating Winning Conditions: What governments can do to advance economic relations with China and India | Michael Holden | May 2011

  19. For all our research, commentary and activities, visit Canada West Foundation’s website at www.cwf.ca. For all the latest news, follow us at: twitter.com/CanadaWestFdn facebook.com/canadawestfoundation

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