MIT Factsheet Trade Missions
Updated April 16, 2015
- As part of the BC Jobs Plan, the B.C. government is committed to expanding access to priority markets, including China, India, South Korea, Europe and the United States.
- Since September 2011, there have been three major Premier-led trade missions to Asia.
- Minister of International Trade Teresa Wat has also been on three trade missions to Asia to deepen relationships and generate new business in priority markets.
China and Indonesia – March-April 2015:
- Minister Wat led a trade mission to China and Indonesia March 27-April 9 to promote B.C.'s information and communications technology (ICT) and digital media sectors.
- On the trade mission, B.C. companies had the opportunity to meet with key stakeholders at several ICT seminars and networking functions.
- Minister Wat witnessed the signing of two agreements to help further cement cooperation and economic collaboration between British Columbia and two Chinese Provinces:
- In Hangzhou, Wat signed a Letter of Intent with the Zhejiang Department of Commerce.
- In Nanjing, Wat signed a Memorandum of Understanding with the Jiangsu Economic Informatization Technology Commission.
China, South Korea and Japan – November 2014:
- Minister Wat led a 12-day trade to China, Korea and Japan Nov. 4-15, 2014, accompanied by a delegation of companies and organizations from some of B.C.'s key economic sectors: seafood, agrifoods and international education.
- During the mission, 18 B.C. seafood companies attended the China Fisheries and Seafood Expedition, China's largest annual seafood tradeshow.
- A memorandum of understanding (MOU) on economic partnership was also signed between B.C. and Qingdao, formalizing B.C's partnership with the Chinese city and paving the way for increased trade and investment ties in key sectors, including ocean technology, agriculture, international education and clean technology.
- The cost of the minister-led mission was $140,210.
Jobs and Trade Mission to Asia (China, South Korea and Japan) – November-December 2013:
- Over 120 companies, First Nations and labour representatives, and organizations and communities took part in the Jobs and Trade Mission to China, Korea and Japan.
- The main purpose of this trade mission was to strengthen ties in Asia and secure markets for British Columbia's liquefied natural gas (LNG).
- Premier Clark and Minister Wat participated in high-level meetings with LNG decision makers and signed co-operation agreements with multiple levels of governments.
Trade Mission to India - October 2014:
- Premier Clark and former Minister of Advanced Education Amrik Virk were joined by 70 companies and post-secondary institutions on a trade mission to India Oct. 9-18, 2014 to reinforce B.C.'s economic and cultural ties.
- The trade mission made stops in New Delhi, Chandigarh, Bangalore and Mumbai and was an opportunity to promote the strength of key B.C. sectors, including liquefied natural gas and other natural resources, clean technology, life sciences, film, digital arts and finance.
- The trade mission also showcased B.C. as India's fastest and most efficient gateway to North American markets.
- The cost of the Premier-led mission was $143,094*.
Japan, Korea and the Philippines – May 2012:
- The trade mission to Japan, Korea and the Philippines focused on promoting British Columbia's natural resources and clean technology to Asian investors.
- Approximately 104 delegates representing 75 companies, organizations and community groups took part in the mission.
- During the mission, 25 business deals and partnership agreements were signed or announced, with a value of over $500 million.
- The Premier left Vancouver on May 12 and made stops in Sendai, Tokyo, Suwon, Seoul, and Manila before returning to British Columbia on May 20. The cost of the Premier-led mission was $348,648*.
China and India – November 2011:
- Roughly 350 delegates, representing some 150 companies, organizations and community groups, participated on the mission to China and India, making it the largest international delegation in the province's history.
- The Premier attended almost 70 events and meetings during the 14-day mission to China and India, two massive and growing markets identified as priorities in the BC Jobs Plan.
- During the mission in China, 14 corporate signings took place and another 28 partnership agreements were reached. The value of deals during the China trade mission exceeded $1.3 billion.
- The India mission included 14 corporate signings and nine new partnership agreements. The value of delegation deals exceeded $60 million.
- The cost of the Premier-led trade mission, with visits to eight cities over 13 days, was $473,621*.
*Note: These costs do not include travel and accommodation for any of the representatives from companies, organizations, educational institutions and community groups who joined the missions at their own expense. These expenses are accurate to the best available information as of July 25, 2013.
Ministry of International Trade