International Trade Minister hosts international business forum with President of European Bank for Reconstruction and Development
News Release
October 11, 2016 - Ottawa, Ontario - Global Affairs Canada
The Honourable Chrystia Freeland, Minister of International Trade, today welcomed the European Bank for Reconstruction and Development (EBRD) business forum to Toronto, Ontario.
During the forum, the International Trade Minister discussed ways in which Canadian firms may increase their engagement with the EBRD, and thus support growth and improved living standards for people around the world, including the middle class and those working hard to join it.
The International Trade Minister delivered the opening keynote address at the forum, and later participated in a panel discussion about building economic sustainability at home and abroad. The Minister was joined by representatives of Canadian business, Canadian Manufacturers & Exporters, the EBRD, and Export Development Canada.
Canada and the EBRD have a shared view of trade as an engine for inclusive growth. As of January 2016, joint Canada-EBRD investment stood at $7.7 billion, most notably in the energy (45 percent); industry, commerce and agribusiness (39 percent); and infrastructure (13 percent) sectors.
Quotes
“Canada is focused on economic growth that benefits everyone, including greater opportunities for women, Indigenous peoples and youth. Through our engagement with the European Bank for Reconstruction and Development, Canadian businesses can offer international leadership in responsible business practices and contribute to the well-being of people around the world.”
- Hon. Chrystia Freeland, P.C., M.P., Minister of International Trade
Quick facts
- The EBRD is involved in transformative projects in 36 countries across Eastern Europe, Central Asia and the southern and eastern Mediterranean regions.
- The EBRD promotes private and entrepreneurial initiatives in countries that demonstrate a commitment to multi-party democracy, pluralism and market economics.
- The EBRD supports the growth of physical and financial capacities, and promotes improvements in the living standards of people in its countries of operation.
- The value of joint Canada-EBRD investment stood at $7.7 billion as of January 2016. Of this, EBRD financing accounted for $5.2 billion (67 percent) and Canadian investment accounted for $2.4 billion (33 percent).
- Joint Canada-EBRD investments have been highest in Romania, Mongolia and Ukraine.
Contacts
Alex Lawrence
Press Secretary
Office of the Minister of International Trade
alex.lawrence@international.gc.ca
Media Relations Office
Global Affairs Canada
343-203-7700
media@international.gc.ca
Follow us on Twitter: @CanadaTrade
Like us on Facebook: Canada’s international trade - Global Affairs Canada
Search for related information by keyword
Page details
- Date modified: