Mayor Jim Watson’s most recent trip to China has yielded a new trade agreement with Beijing.
Ottawa Mayor Jim Watson meets with Beijing Mayor Guo Jinlong. (Photo supplied)
The agreement, signed on Wednesday, is intended to support local companies in each city that are looking to invest or establish businesses in the other.
The agreement will see Ottawa Tourism work with Beijing to establish a think-tank to promote business tourism in both cities.
It will also see Beijing support Ottawa’s presence at several trade shows in the Chinese capital; back Ottawa’s bid to host an international tourism summit in 2017; and see a number of cultural, artistic and educational exchanges between the two cities.
In a separate agreement, also signed on Wednesday, Invest Ottawa and the Zhongguancun Development Group (ZDG), an investment group founded by the Beijing government, announced that iNano Medical, JP Canshielding, Viscore and GREENERGY will be the first cohort at the Ottawa International Incubation Centre.
The incubation centre is a joint project between the two organizations and is intended to help local companies export technology to China. The agreement also sets out a framework for Invest Ottawa and ZDG to select further investment opportunities.
The agreements are part of an ongoing trade mission to Beijing that left Ottawa last weekend and is set to finish next week.
The delegation has met with tourism officials and tour operators in Beijing and visited several industrial parks. Local businesses also met with Chinese investors and business leaders.
The delegation is Ottawa’s largest ever trade mission to China. It heads to Shanghai later this week.