"The boss (Ford) says to me I sit beside him in the legislature he says to me, 'Buddy, what are you doing here?" Fedeli recounted in a recent interview. "You don't make any sales when you're sitting beside me...That's what he reminds me of often. So we have his full, full support to continue to hit the ball out of the park like we did last year."
"Last year, when Fedeli went on 15 trade missions, the province landed 409 international companies who invested $40 billion in Ontario and created 24,711 jobs, he said. The current trade mission to Malaysia, Vietnam, Thailand and Singapore is focused on life sciences and tech companies, Fedeli said. "We want to continue our east-west travels around the world as we look to continue to replace trade with the United States," he said."
"Hard to verify return-on-investment numbers, NDP says NDP economic development and trade critic Catherine Fife said she wants Fedeli to be successful on his trade missions as diversification is very important right now, but it's hard to verify the return-on-investment numbers. 'I know that the minister's job is to instil some confidence in Ontario's economy, but there is obviously a disconnect between the lived reality of Ontarians, who can't even find entry level positions right now"
Vic Fedeli, Ontario's minister responsible for economic development, is increasing the pace of international trade missions to diversify trading partners and reduce reliance on the United States. Planned visits include Malaysia, Vietnam, Thailand and Singapore with a focus on life sciences and technology firms. A recent campaign marked trade missions to 15 countries with plans for eight more before year-end. Prior missions reportedly attracted 409 international companies, $40 billion in investment and 24,711 jobs. The effort is backed by Premier Doug Ford. The NDP notes that diversification is important but questions the verifiability of return-on-investment figures and raises concerns about local labour realities.
Read at www.cbc.ca
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