Shandong-Ontario Investment Cooperation Seminar Presentation by - - PowerPoint PPT Presentation

Your Next Big Idea

Shandong-Ontario Investment Cooperation Seminar

Presentation by Wendy Tilford, Deputy Minister Ontario Ministry of Research and Innovation, and Ministry of Economic Development, Trade and Employment June 4, 2014

Your Next Big Idea

Ontario-China Partnership

Ontario and China have a long-standing relationship:

• Investment
• Trade
• Research collaboration
• Educational exchanges
• Cultural ties

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Your Next Big Idea

Trade Relationship Growing

• China is Ontario’s – and Canada’s –

second-largest trading partner

• In 2013, two-way trade between

Ontario and China totalled close to $32 billion

• Two-way trade between 2009 and

2013 up by more than 33%

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Let’s keep growing our partnership…

Your Next Big Idea

Just some of the Chinese companies investing in Ontario…

Preferred Investment Location

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Your Next Big Idea

Ontario and China – Long-term Commitment

Shanghai office

• pened in 2002

Yijun Song Senior Economic Officer Beijing office

• pened in 2007

Philip Wong Senior Economic Officer

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Your Next Big Idea

Value-added Gateway to North American Markets

139 million consumers within a day’s drive

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Your Next Big Idea

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Highest Education Rates among the OECD Countries

64 62 50 44 41 38 35 30 17 Ontario Canada Ireland Japan United States United Kingdom Germany France Mexico

Post-secondary Educational Attainment (%), Select Markets, 2011 (Age 25-64)

Overall, 64% of Ontario’s population has completed post-secondary education

Note: Not all jurisdictions count apprenticeship as post-secondary education Sources: Statistics Canada and OECD, 2013

Your Next Big Idea

Research and Development Advantages

• More than $13.9 billion in Ontario-

based R&D each year

• Over 100,000 people directly

engaged in R&D

• Steady stream of new talent from

44 universities and colleges

• One of the most generous R&D

tax incentive programs in the world

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Your Next Big Idea

Business Costs Lower than the United States

94.5 94.7 95.8 96.1 97.9 100.0 100.1 103.7 109.4 United Kingdom Netherlands Ontario France Italy United States Germany Australia Japan

Overall Business Costs Index (US=100)

Source: MEDI analysis, prepared using competitivealternatives.com Cost Model, 2012 version, accessed on March 30, 2012

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Your Next Big Idea

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Strong Public Health System

939 452 200 400 600 800 1,000 Thousands US$

Employer Health Costs for a Typical Firm

Average cost to employers in the US is about twice as much as it is in Ontario

Note: Typical firm defined as having approximately 93 employees Source: MMK Consulting, 2012 (Special run for MEDTE/MRI) US Ontario

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Your Next Big Idea

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Reliable and Modern Infrastructure

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Your Next Big Idea

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93,080 128,440 133,390 140,805 140,315 147,723 178,335 251,330 499,380 685,193 1,426,540 500,000 1,000,000 1,500,000 Russian Polish Arabic Filipino German Portuguese Spanish Italian Major Chinese languages Major languages spoken in India French

Select Languages Spoken by Ontarians

Diverse population – with more than 640,000 Ontarians of Chinese origin

Ontario’s population in 2012 was 13.5 million Source: Statistics Canada. 2013. National Household Survey (NHS)

Your Next Big Idea

Diverse Economic Strengths

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A leader in North America:

• Among the top producer of vehicles
• Second largest ICT sector
• Second largest financial services sector
• Third largest digital media sector
• Second largest health sciences and biotechnology sector
• Third largest food processing sector
• A vibrant cleantech sector, with particular expertise

in water technologies

• Worldwide reputation for design, construction and operation
• f green buildings

Your Next Big Idea

Ontario – leading tourism destination

• Natural beauty, dynamic cities and warm

culture

• Canada’s leading tourism region – over

half of international visits

• Chinese government extended Approved

Destination Status (ADS) to Canada in June 2010

• Tourism supports approximately 347,000

jobs and generates over $28 billion for Ontario’s economy

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Your Next Big Idea

Welcome to Ontario!

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www.ontario.ca/innovation www.ontario.ca/economy