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Taiwanese Investment in Canada

Taiwanese Investment in Canada

Canada and Taiwan have a strong investment relationship across many areas of business and industries. While Taiwan is Canada’s fifth largest trading partner, they share strong ties in education & youth exchanges, science & technology, oil & gas and clean technologies - and this relationship is seeing steady growth with continued investment. “The stock of foreign direct investment, (define), from Taiwan direct  to Canada is valued at $108 million at the end of 2015, while the stock,(define), of Canadian direct investment in Taiwan stood at $115 million in 2015, up from $17 million a year earlier (latest year for which data is available). As Taiwan's economy is dominated by SMEs [Small & Medium Enterprises], the majority of Taiwanese investment in Canada has been pursued by smaller companies, with a sectoral range including chemical manufacturing, pharmaceuticals, retail and ICT. Areas of potential include renewable energy, biotechnology and wireless technologies.” (can we tie energy to this or investment capital) Why would foreign entities want to invest in Canada? Canada is one of the most multicultural countries in the world, with world-class universities, a universal health care system and clean and friendly cities. The OECD’s Better Life Index shows Canada as best in the G7 in terms of overall living conditions and quality of life. Canada is the best country in the G20 to do business, according to both Forbes and Bloomberg. Canada also led all G7 countries in economic growth over the past decade (2006–2015). Canada offers the lowest business costs in the G7 for R&D-intensive sectors, with a 27.7 percent cost advantage over the United States. Total business tax costs in Canada are by far the lowest in the G7 and 46 percent lower than those in the United States. Once CETA comes into force, foreign investors in Canada will have assured preferential access to both NAFTA and the EU - a vibrant market with a combined GDP of nearly US$37 trillion, or one-half of the world’s output of goods and services. Canada’s workforce is the most highly educated among members of the OECD, with half of its working-age population having a tertiary level education. Taiwanese Connections: POG: Perisson Petroleum is an oil and gas exploration and development company with assets located in the Middle Magdalena Basin, Columbia’s most prolific oil and gas producing Basin. Perisson has recently purchased assets in Alberta. Perisson is a Canadian company with Taiwanese and other Asian investment.   8020 Welcomes Perisson as one of our newest clients: Join their Investor Group today!   Sources:

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Laura Garet

Laura is 8020 Connect’s Client Communications & Social Media Specialist. In 2014, She received her Bachelor of Communications in Information Design from Mount Royal University in Calgary, Alberta. After a couple brief positions in other marketing roles, Laura has found her home with 8020.

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