Today during Question Period I took the opportunity to ask the Minister of Jobs, Trade and Technology when we might expect British Columbia to establish a trade office in Taiwan.
Taiwan is B.C.’s sixth-largest trading partner, with bilateral trade volume totalling an estimated $1.87 billion. Alberta established a trade office in Taiwan in 1988 that has helped to steadily grow the trade between these two jurisdictions.
Below I reproduce the video and text of my exchange with the Minister. I was very pleased with his thoughtful and constructive response.
A. Weaver: I must admit, I feel like I’m living in the twilight zone, listening to the line of questioning coming from the members opposite, in light of the last three or four years of hearing them defend the same.
British Columbia is the investment gateway to Canada for nations of the Pacific Rim, and British Columbia has established representative offices to help promote trade and investment in a number of these Pacific Rim nations. Just last fall, for example, the B.C. government established a new trade and investment office in Seattle, which will focus on trade and investment in the technology sector.
However, one jurisdiction that doesn’t have any representative office is Taiwan. Taiwan is B.C.’s sixth-largest trading partner, with bilateral trade volume totalling an estimated $1.87 billion. Alberta established a trade office in Taiwan in 1988 that has helped to steadily grow the trade between these two jurisdictions.
My question to Minister of Jobs, Trade and Technology is this: does the minister recognize the opportunity we have to cement a stronger trading relationship with Taiwan by establishing a trade and investment representative office in Taiwan?
Hon. B. Ralston: I thank the Leader of the Third Party for his question on this important topic.
Taiwan is indeed an important trading partner for British Columbia. Businesses here in British Columbia exported over $700 million worth of products and services to Taiwan last year, and that value has been growing steadily since 2012. Fully 43 percent of Canadian exports to Taiwan originate in British Columbia, and as the Leader of the Third Party pointed out, Taiwan is British Columbia’s No. 6 destination for exports. Many people here in British Columbia looking to expand look to Asia, and to Taiwan among those regions in Asia.
This weekend, I was pleased to attend the Taiwan Chamber of Commerce in British Columbia annual gala on Saturday night. A number of members were there. I was able to express these feelings of affinity and gratitude personally.
Certainly, as the Leader of the Third Party has noted, the federal government has a trade office in Taipei and helps Canadian businesses expand into Taiwan’s market. Our government continues to seek opportunities to diversify trade into Asia and seek reciprocal investment opportunities here in British Columbia. Indeed, the future prosperity of British Columbia depends on our ability to do that effectively.
A. Weaver: Thank you to the minister for that constructive and thoughtful response.
British Columbia presently has offices in Japan, South Korea, Hong Kong, India, Indonesia, the Philippines, Singapore and mainland China. Their establishment represents an important step in diversifying trade partners and positioning British Columbia to take advantage of new and emerging markets, which is all the more important, frankly, as B.C. continues to develop its tech sector.
Developing strong relationships with trading partners in Asia, who will drive much of the demand for innovation both within and beyond the clean tech sector in the coming years, will be essential if we are to firmly establish ourselves as a leader in shipping not just B.C.’s raw resources but also B.C. technology and ideas to other jurisdictions. My question, once again to the Minister of Jobs, Tourism and Technology, is this: when can British Columbia expect this government to establish a trade office in Taiwan?
Hon. B. Ralston: I share the Leader of the Third Party’s enthusiasm about the trading opportunities in Asia. We’re certainly looking at where British Columbia businesses can expand and how we might be able to assist that.
Taiwan is an important partner for many British Columbia businesses. As I mentioned, on Saturday, I was able to discuss these opportunities with many Canadians who have origins in Taiwan. Indeed, there are members in the Legislature who have strong affinities with Taiwan. Those opportunities are there.
We’re committed to diversifying the economy and our markets both in terms of attracting investment and in terms of exporting more of our goods and services to Asia. We’re building the strength in our economy to help businesses expand and create good jobs for British Columbians here in British Columbia, not only in one region but throughout the province, in a way that the previous government didn’t.
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