Following a productive business mission to New Zealand, Trade and Investment Minister Andrew Robb is currently visiting Canada to promote Australian exports and investment opportunities in areas such as mining equipment, technology and services (METS).
Mr Robb is leading a delegation of Australian industry representatives and attending a series of events and meetings between 28 February and 4 March 2015.
“Australia and Canada have long shared strong economic ties but there are also real opportunities to increase our trade and investment relationship across areas such as mining, infrastructure and agribusiness,” he said.
Mr Robb’s program begins today at the Vancouver International Wine Festival, where Australia – with our world-renowned wine industry – will be this year’s feature country. More than 50 Australian wineries will be present, showcasing 300 quality wines, at over 30 separate events.
Mr Robb will also attend the 2015 Prospectors and Developers Association of Canada Convention (PDAC 2015) in Toronto where Australia’s world-leading METS firms will be exhibiting their broad range of services and expertise.
Mr Robb will also host an infrastructure investment roundtable with representatives from leading Canadian pension funds, banks, fund managers and insurance companies. Australia and Canada already share a significant two-way investment relationship worth around $80 billion.
“Canada is an important investor in Australia with total stock of around $27 billion in areas like infrastructure financing and construction, resources and energy and agribusiness.
“Australia is increasing its integration in the Asia Pacific with recently concluded Free Trade Agreements with Korea, Japan and China for example, and consequently we provide both a stable investment base and ideal gateway for countries like Canada which are seeking to access the exploding middle class markets of our region,” Mr Robb said.