Vaughan announces business mission to China

June 23, 2015 12:00 a.m.
​Ten-day mission aims to increase trade and build new relationships
 
The City of Vaughan hosted an information session with more than 50 business representatives yesterday and announced that it is leading an innovative business mission to China in October. As part of the City’s International Business Development Program, the primary goal of this mission is to develop trade relationships in China and establish Vaughan as a preferred location for Chinese investments.
 
The Chinese domestic market is diverse and expanding rapidly. Recognizing it can be a challenge for small- or medium-sized businesses to tap into this growing market, this mission will help to identify appropriate market entry strategies. The team will work with participants to develop strategic partnerships with Chinese companies, provide expertise on entering the Chinese market and help to set up cost effective distribution channels.
 
To optimize the success of this mission, the City has partnered with the Canada China Business Council, Global Linkages, consulate offices and government agencies to organize a series of activities designed to achieve a high return on investment for all the business mission participants. The mission is being led by Ward 4 Councillor Sandra Yeung Racco and includes Ward 3 Councillor Rosanna DeFrancesca, as well as business representatives from Vaughan
and the Greater Toronto Area.
 
The mission will include high-level meetings with Chinese government officials in five major cities: Beijing, Shanghai, Yangzhou, Nanjing and Hong Kong. The mission will include one-on-one meetings with companies focused on the exchange of products and services between China and North America.
 
QUOTES
 
“As a growing city, it is vital that we maintain a competitive advantage by working with local businesses to expand their reach while at the same time promoting the City of Vaughan as a key location for business success and investment opportunities.”
-Mayor Maurizio Bevilacqua
 
“There is great economic development potential from China that can benefit our local businesses and lead to new investment and markets for their products. We saw the need to examine the Chinese market, including their transportation network, and explore ways to attract the Chinese to invest in Vaughan. This mission demonstrates the City of Vaughan’s continued commitment to the Asian region and showcases the benefits of developing relationships in person for international investment opportunities.”
-Ward 4 Councillor Sandra Yeung Racco
 
QUICK FACTS
  • The China Mission will take place from Oct. 21 to 31, 2015.
  • Vaughan’s International Business Development Program provides a wide range of resources including business trade missions, business-to-business matchmaking, joint initiatives with international consulate offices and reception of incoming delegations.
  • Focusing on such countries as Italy, Israel, China and the United States, the goal of the program is to position Vaughan as the gateway for economic activity in the Greater Toronto Area.
  • In 2012, the Chinese/Israeli/Italian markets were the destination for $71 million worth of goods and services making up two per cent of all exports out of Vaughan.
  • Vaughan is home to more than 10,900 businesses, employing 194,900 people and is the largest employment centre in York Region.
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