Premier Expands Economic Opportunities in Japan
Meetings with Economic Leaders Promote Ontario’s Auto and Aerospace Industries
Premier Kathleen Wynne has concluded the Japan leg of her business mission by meeting with key economic leaders and manufacturing executives to promote Ontario’s innovative business environment and encourage future investments.
Ontario and Japan’s economies are strongly connected through the manufacturing sector. At a meeting today with F-Tech, known as F&P and Dyna-Mig in Ontario, the Premier discussed investment opportunities in auto parts manufacturing.
Yesterday, the Premier met with manufacturing executives in Nagoya to explore opportunities for collaboration in the aerospace and auto industries. The Premier met with executives from Toyota to discuss innovation in the auto industry and with a team from Mitsubishi Heavy Industries to promote investment opportunities in Ontario’s aerospace sector.
To strengthen Ontario’s cultural and political ties with Japan, the Premier met with the Governor of Tokyo, Yuriko Koike. The Governor and Premier discussed Tokyo and Ontario’s common priorities, including climate change, infrastructure and innovation.
From December 1-2, the Premier will continue her business mission in Seoul, South Korea.
Building new international partnerships and growing Ontario’s manufacturing sector are part of our plan to create jobs, grow our economy and help people in their everyday lives.
” International partnerships are critical to Ontario’s economic success and competitiveness in today’s global market. Ontario and Japan share many common priorities — including innovation and manufacturing — and there are many opportunities for collaboration. Meetings with business and political leaders open the door for future partnerships and business deals.”
– Kathleen Wynne
Premier of Ontario
- Ontario received more than 70 per cent of Japanese foreign direct investment (FDI) to Canada from 2006–2015 — approximately $7.4 billion, more than 10 per cent of total FDI to the province.
- Toyota chose its Cambridge, Ontario plant as the first location outside Japan to assemble Lexus vehicles.
- Ontario is home to nine universities and 24 colleges with innovative auto-related research initiatives and training programs.
- More than half of the world’s top 25 aerospace companies have key operations in Ontario, including Mitsubishi Heavy Industries.
- Ontario has committed $25.8 million to build the Centennial College Downsview Park Aerospace Campus in Toronto.