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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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slide1

Creating Winning Conditions:

What governments can do to advance economic relations with China and India

Michael Holden | Canada West Foundation | May 2011

slide2

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

slide3

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

slide4

…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

slide5

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

slide6

…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

slide7

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

slide8

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

slide9

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

slide10

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

slide11

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

slide12

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

slide13

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

slide14

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

slide15

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

slide16

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

slide17

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

slide18

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

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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