Canadian Immigration focuses on Canadian Immigration Economy: The Ontario trade delegation to China recently signed 38 new agreements worth a total of CAD 750 million. This trade delegation is expected to sign over 100 new agreements and memoranda of understanding with Chinese companies, with a total value anticipated to reach CAD 2.5 billion.
During their time in Beijing, Wing On New Group Canada Inc. signed three agreements totaling CAD 230 million, including an agreement with JD.com worth CAD 100 million to procure Canadian products and provide e-commerce services for Canadian companies in China; an agreement with China Telecom Group for CAD 80 million to import Canadian food and nutritional products to China; and an agreement with Beijing Cross-Border City Meishi Ku Investment Management Company to procure products worth CAD 50 million in Canada over the next three years and set up Ontario product display stands in 30 new stores to be opened in 2016.
China's Guorong Investment Group announced plans to collaborate with CITIC Capital to develop a leisure resort and ecological retirement industry zone in the Niagara Falls area of Ontario. CITIC Capital will invest CAD 100 million in this project.
Hydrogenics signed four integrated certification agreements to incorporate fuel cell technology into zero-emission buses. The company expects to achieve a total market profit of CAD 100 million over the next three to five years.
Ontario is the most populous province in Canada, with a total population exceeding 13 million; the province's gross domestic product accounts for 37% of Canada's total, with export-oriented GDP surpassing that of Belgium, Switzerland, or any Nordic country. The Ontario trade delegation stated that thanks to the CAD 20 trillion North American Free Trade Agreement market, Ontario has a diverse labor resource, standardized policies, and a low-risk, high-cost competitive investment environment, leading many globally recognized companies to invest billions of CAD in establishing or expanding local operations in Ontario.