(MENAFN- Caribbean News Global)
By Caribbean News Global
OTTAWA, Canada – Mary Ng, minister of small business, export promotion and international trade, announced Canada's intention to participate in Expo 2025 Osaka.
World Expos are a global opportunity to celebrate culture, deepen economic ties and strengthen international relationships. This important event will bring people together from around the world to Japan to showcase world innovations and encourage international collaboration. Under the theme 'Designing Future Society for our Lives', the event will be centered on the United Nation's Sustainable Development Goals, reads the government announcement.
Minster Ng, said:“Canada's presence at Expo 2025 Osaka will demonstrate what many around the world already know: Canada is an ideal place for business, investment, education, tourism, and immigration. The Canada Pavilion in Osaka will serve as a meeting place for businesses and innovators alike. It's one more way that we are opening doors for companies to compete in thriving global markets in the Indo-Pacific and beyond.”
With an anticipated 28 million visitors, Expo 2025 Osaka will be an engaging platform to showcase Canadian innovation and attract international investments. Canadian businesses will be invited to explore new opportunities and build networks in the dynamic Indo-Pacific region. Canada's presence will highlight leadership in key sectors such as advanced technologies, artificial intelligence, tourism and education.
Mélanie Joly, minister of foreign affairs, said:“Participating in Expo 2025 is a unique opportunity for Canada to showcase all that it has to offer, while also strengthening the existing economic, cultural and people-to-people ties between Canada and Japan, and, more broadly, the Indo-Pacific region.”
- With a gross domestic product of $6.8 trillion in 2020, Japan is the world's third-largest national economy, and one of Canada's most important economic and commercial partners. Japan is also Canada's largest source of bilateral foreign direct investment (FDI) in the Indo-Pacific, with stock valued at $47.9 billion in 2020.
- Canadian investment in Japan is also significant and diverse with Canadian companies operating in the country, across a variety of sectors, including in the automotive, information and communications technologies, financial services, and forestry sectors.
- In May 2021, Canada and Japan agreed on six areas of bilateral cooperation that will advance common interests in the Indo-Pacific region. These six areas are the rule of law; peacekeeping operations, peacebuilding and humanitarian assistance and disaster relief; energy security; health security and responding to COVID-19; free trade promotion and trade agreement implementation; and the environment and climate change.
- Canada is currently participating in the International Exhibition in Dubai, UAE, which is taking place from October 1, 2021 to March 31, 2022. It is the first world fair in both Middle East and the Arabic-speaking world and is expected to attract over 25 million visitors.
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