Fujian Trade and Economic Delegation
On Monday, October 23rd, CATA is hosting a business/government delegation from Fujian Province as part of raising the industry's profile with potential business partners, customers, suppliers and investors in the China market. CATA's China Division is led by China-based representative, Qu Sun; we are also leading Canada's delegation to ITU World Telecom in December.
The venue for the 23rd is an afternoon seminar beginning at 1:45 pm (The Marshes, 320 Terry Fox Dr., Kanata, Ontario). The first speaker will begin at 2:00 pm and the event will end at 4 pm with a business networking reception. To facilitate discussions, translators will be available. All participants will receive a copy of CATA's new white paper, Growth in the New Flat World addressing the growing importance of China and developing countries in supply chain opportunities.
Please confirm your interest in attending by email to email@example.com. Participation is restricted to 20 delegates from Canada.
The Fujian Trade and Economic Delegation will be headed by Mr. Biao Yang, Director General of Fujian Provincial Department of Foreign Trade and Economic Cooperation. His team will provide economic and industrial development updates as well as information on investment opportunities and conditions (i.e., environmental policies, legislative procedures, and preferential taxes) in Fujian China.
Speakers from the government of Canada will also update participants on their new China based resources, including information on procurement opportunities for the Olympics.
John Reid, President, CATAAlliance will provide a perspective on growth in the New Flat World. Doug Smeaton, President and CEO of Semiconductor Insights Inc. and CATA Board member, will then share his first hand experiences in expanding to the China marketplace. He will be joined by Z.Jan Jakubczyk, CEO of Optiwave, who is an active participant in CATA's international activities.
Private sector business leaders will then discuss competitive projects open for partnership in areas such as electronic information, new material, heavy machinery, telecommunication, software, optoelectronics, automobile, environmental engineering, trade etc. Special time will be given to face-to-face talks about specific projects.
This meeting represents an excellent opportunity to explore the vibrant Chinese market while promoting Canadian products, services and technologies. We believe that the time is right to strengthen our relations with China and increase our growth potential and partnerships in this important market.
Profile of Fujian Province:
China is our second-largest trading partner after the U.S. For the first eight months of this year, Canada's exports to China increased 43.8% compared to the same period last year. For a full review of the China market, please consult CATA's China Research study at: http://www.cata.ca/media_and_events/press_releases/cata_pr01050401.html
Fujian Province is located along China's southeastern coast, to the west bank of Taiwan Straits. Its land area covers 121,400 km2, sea area 136,000 km2, and its coastline extends for 3324 km. The whole province has a population of 34.88 million.
By the end of 2003, Fujian had approved the establishment of 33,513 foreign invested enterprises, involving contractual foreign investment of US$77.57 billion, 45.91 billion of which were put in place. In 2003, the foreign investment utilized by Fujian kept a stable growth. The province newly approved 2,274 foreign-invested enterprises; an increase of 24.6% over the previous year; the contractual foreign investment and the amount actually invested reached US$4.773 billion and 4.075 billion respectively, up 22.36% and 5.17% over the previous year.
A large number of world famous multinationals have invested in the province, including Wal-Mart, GE, BP, TOYOTA, Mitsubishi, ITOCHU, Siemens, SUMITOMO, Marubeni, Boeing, Panasonic, Morgan, HSBC, Metro, TOSHIBA, NEC, Fujitsu, Dell, Philips, Nokia, Pepsi, Alcatel, Emerson Electric, McDonald's, Kodak and other Fortune 500 multinationals.