Saskatchewan aiming to triple exports to Asia

1 Oct 2014
Sask. aiming to triple exports to Asia
Hoping to hit target by 2020
Premier Brad Wall says Saskatchewan is looking to triple its exports to Asia by 2020 to keep in line with recommendations from a report released on Tuesday.
The Saskatchewan-Asia Advisory Council made 45 suggestions, such as more Asian language studies in schools and increased recruitment of international post-secondary students from that continent.
“There are some pretty bold recommendations,” said Wall, who added the province has already increased its role in Asian markets.
“Lest anyone doubt that this is possible, consider that between 2008 and 2012 Saskatchewan exports to China grew from $1.2 billion to $2.5 billion.”
The council, formed in May 2013 to provide advice on Saskatchewan’s trade with Asia, reports Asian countries have the highest demand for provincial products.
It warns Canada is lagging behind countries such as the United States, New Zealand and Australia.
Recommendations include the province creating project proposals for at least 10 major investment opportunities for Asian entrepreneurs to consider.
Council chairman Grant Kook, who is CEO of Saskatoon-based Westcap Mgt. Ltd., said Asia is set to account for half of the world’s global domestic product by 2050. He suggests Saskatchewan can reap the economic benefits by attracting Asian investment.
“There is a lack of urgency in national efforts to enhance and transform our Asian relationships,” Kook said. “We believe Saskatchewan can and should lead the nation in Asian engagement.”
The report says Saskatchewan’s trade in 2013 with Asia was at an all-time high of $6.6 billion in exports to major partners such as India, Indonesia, China and Japan.
It recommends Mandarin language programs in schools starting at the primary level and calls for efforts to double Saskatchewan’s international postsecondary recruitment by 2020, with a focus on Asian students.
“We’re going to be careful about any major curriculum changes,” said Wall, who added extracurricular programs are one possible option for increasing the presence of Mandarin at the grade-school level.

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on October 1, 2014, in Uncategorized and tagged . Bookmark the permalink. Leave a comment.

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