WHAT IS CANADA?
Area: 9,984,670 km² Population: 34,482,779
Pacific Ocean
Atlantic Ocean DID YOU KNOW THAT…
• Over 460,000 Canadian tourists visit Italy each year.
• Canada has one of the largest and most successful Italian communities outside of Italy.
• Over 1.5 million Canadians of Italian origin live in major Canadian cities
• Many notable Italian-Canadians
• Canada played a vital role in the success of Italy’s liberation during in the Second World War. Doing business with Canada Canada-Italy Trade Relations
AGENDA
1. What is Canada? 2. Canada-Italy Trade & Investment presentation by 3. Opportunities in Canada Emmanuel Kamarianakis Minister Counsellor 4. How we can help Comemercial Division EMBASSY OF CANADA
Milan, 8 March 2013 CANADA & ITALY Economic Snapshot - 2012 CANADA ITALY Population 35 m 61 m GDP (trillion $US) $1.7 $1.9 GDP per capita ($US) $50,436 $32,522 GDP growth rate (%) 2.4% -2.2% Inflation 2.0% 3% Unemployment 7.0% 10.8% Canadian Exports $1.7 billion • Cereal ($246m) • Machinery ($241 m) • Mineral Fuel, Oil ($191m) Canadian Imports $5.2 billion • Machinery ($1.2 b) • Beverages ($482m) • Pharmaceuticals ($442m) Two-way Trade $6.9 billion Source: StatsCan, IMF, ISTAT TRADE, INVESTMENT AND S&T ARE IMPORTANT FOR THE CANADIAN ECONOMY
• Trade is equivalent to 59.0% of Canadian GDP.
• Almost half of Canadian manufacturing output is sold outside of Canada. One-in-five jobs in Canada are linked to trade.
• Innovation and investment are key drivers of Canada's future competitiveness and productivity.
• International trade and commercial agreements create a system of rules and builds business confidence.
• CETA: #1 priority for Canada-EU relations. ITALY & CETA
Canada-EU Trade Agreement
FACTS:
• Canada and the EU are key partners in trade, investment and innovation.
• An agreement between Canada and the EU would offer advantages to businesses on both sides.
• CETA goes beyond the issue of tariff elimination to also tackle other barriers to trade in goods & services and to investment between Canada and the EU. CANADA & ITALY Italian Investments in Canada CANADA & ITALY Canadian Investments in Italy CANADA & ITALY
S&T RELATIONSHIP
Canada and Italy are natural S&T partners:
• Both focus and excel in research dealing with quality of life (health, environment, energy, new materials)
• TAVOLO CANADA: 6 priority innovation sectors: • Health & Life Sciences • Nanotechnology & ICT • Energy & Environment • Agrifood • New Materials for • Ocean Technologies Transportation
• TALENT STRATEGY: • match and partner leading Canadian and Italian research universities.
• PROMOTING PARTNERSHIP & LINKEAGES: • Focus on linkages between Italian and Canadian research organizations, universities, clusters and industry in Tavolo Canada sectors. Why Canada? Canada is acclaimed for its superior business climate… Open for business: Canada understands the importance of its business community.
Canada is the best place for doing business among the G-7 over the next five years .
Canada is the easiest place to start a business in the G7. COMPETITIVE ADVANTAGES
Canada is a solid venue for innovation
• Canada benefits by having one of the best R&D tax treatments in the G-7.
• Canada currently offers one of the most favourable tax treatments for R&D among the G-7.
• Canada provides a system of tax credits and accelerated tax deductions for a wide- variety of R&D expenditures.
• Eligible costs include: salaries, overhead, capital equipment, and materials.
• These tax-based treatments permit firms to significantly reduce R&D costs through direct investment or sub-contracting in Canada. University Research Network (13 Universities, 26 Researchers) BUSINESS VISITORS
Doing business in Canada
• Thousands of international business people go to Canada to do business, observe site visits, go for training in product use, sales or other functions related to a business transaction. • Italians do not need a visa to visit Canada. • Prepare for your arrival. Required documents: • letters of support/invitation from the Canadian host business • copy of contracts/bills to support your visit • 24-hour contact details of your business host in Canada • proof that can financially cover your stay in Canada and your return home. • Contact our Visa & Immigration office: www.cic.gc.ca • [email protected] OPPORTUNITIES IN CANADA
MAJOR PROJECTS IN CANADA
• Responsible Resource Development • Federal Budget Infrastructure Plans • Gateway projects • Plan Nord • Toronto Waterfront Project • Alberta Oil Sands • Construction projects in Alberta RESPONSIBLE RESOURCE DEVELOPMENT
RRD = JOBS, GROWTH, PROSPERITY
• Ensures timely, efficient and effective project reviews while strengthening Canada’s world class environmental standards • Over the next 10 years, more than 600 new projects representing over $650 billion in natural resources.
• Projects Map: • www.actionplan.gc.ca FEDERAL GOVERNMENT’S BUILDING CANADA PLAN
Economic Action Plan 2013
• $53 billion in new and existing funding for provincial, territorial and municipal infrastructure • Community Improvement Fund—$32.2 billion for Municipalities to build roads, public transit, recreational facilities and other community infrastructure across Canada. • New Building Canada Fund—$14 billion in support of major economic infrastructure projects that have a national, regional and local significance. • Renewed P3 Canada Fund—$1.25 billion to continue supporting innovative ways to build infrastructure projects faster and provide better value for Canadian taxpayers through public-private partnerships. More info : http://www.budget.gc.ca/2013/doc/themes/infrastructure-eng.pdf GATEWAY PROJECTS
CANADA'S STRATEGIC GATEWAYS AND TRADE CORRIDORS
• The Asia-Pacific Gateway and Corridor Initiative: • Boosts Canada’s commerce with the Asia-Pacific region • Increases Canada’s North America-Asia trade share of bound container imports from Asia
• Atlantic Gateway Corridor Initiative: • Links to markets in North America, Latin America, the Caribbean, Europe, and Asia • Provides competitive and strategic supply-chain solutions • Helps respond to shifting global demands and trade patterns. PLAN NORD
THE PROJECT OF A GENERATION
• An approach centred on innovative partnerships. • A sustainable development project that integrates energy, mining, forest, bio-food, tourism and transportation development along with the protection on wildlife, the environment and biodiversity. • The Plan Nord will create 20,000 jobs TORONTO WATER FRONT PROJECT
Revitalizing Toronto's Central Waterfront
• $1.5 billion commitment, 1,700 condominiums, office space for 2,400 jobs, transformation of 800 hectares of land • 25-30 year project • Construction of: • major parks and public spaces (plazas, parks, promenades) • infrastructure such as roads and services, • dynamic & and diverse new communities
• www.waterfrontoronto.ca/ CONSTRUCTION PROJECTS
Alberta CONSTRUCTION PROJECTS
Alberta RAILWAY & METRO PROJECTS
• B.C. Evergreen Line project : 11km new rapid transit line to connect Douglas College Station to Lougheed town by summer 2016. • Toronto – The Big Move : to build over 1,200 kilometres of rapid transit — more than triple what exists now • Montreal Metro Lines expansion: Line 2 – Orange Line 4 – Yellow Line 5 – Blue • Alberta proposed 2,400-kilometre railway to link Fort McMurray, Alta., with the Alaska oil pipeline system CANADA’S OIL & GAS SECTOR
AN ECONOMIC ENGINE & GROWING OPPORTUNITY
• Investing $61 billion in Canada in 2012. • $21 billion to governments in 2011. • 20-25% of the value on Toronto Stock Exchange. • Approx. 18% of Canada’s exports. • Employs more than 550,000 people in Canada • Shale gas supply a game-changer …100+ years supply.. CANADA’S OILSANDS
CAPTURING OPPORTUNITIES IN ALBERTA
• Canada is the world’s 6th largest crude oil producer (~3 million barrels/day) • Alberta has the world’s 3rd largest oil reserves • Government of Alberta 20 year strategic plan • $2 trillion estimated investments, reinvestments and revenues from new oil sands projects by 2035. OIL & GAS IN OTHER REGIONS
SASKATCHEWAN
Oil • 2nd largest oil-producing province – with about 14 per cent of all Canadian crude oil production • Approximately 28,000 oil wells productive in 2011 – with remaining recoverable reserves of 1.2 billion barrels (183.8 million cubic metres) • 157.7 million barrels (25.1 million cubic metres) of oil produced in 2011 • Sales for approximately $12.3 billion in 2011 • 1,992 horizontal oil wells were drilled in 2011 • Innovative technologies used to discover and recover more oil • Refining and upgrading capabilities are among most advanced in Canada Natural Gas • 3rdl argest natural gas-producing province. Approximately 19,000 gas wells productive in 2011 with estimated remaining recoverable reserves of 2.8 trillion cubic feet (77.6 billion cubic metres) • 2011 non-associated gas production was 131.5 billion cubic feet (3.7 billion cubic metres) and 2011 associated gas production was 87.4 billion cubic feet (2.5 billion cubic metres); • value of sales approximately $492 million OIL & GAS IN OTHER REGIONS
ATLANTIC CANADA
• One of the fastest growing sectors in the country • Production fields: • Hibernia: 1.23 billion barrels estimated reserve • Terra Nova : 419 million barrels est. Reserve • White Rose: 283 million barrels est. Reserve • Hebron: 400-700 million barrels est. Reserve • Exploration fiels: • Flemis pass: 100-200 million barrels est. Reserve • Orphan Basin: 6-8 billion barrels est. Reserve • Old Harry: 1.5-2 billion barrels oil; 4-5 miilion m3 natural gas • Shell Canadais investing $970 million exploration in Nova Scotia • New exploration bids in Nova Scotia OIL & GAS IN OTHER REGIONS
SASKATCHEWAN OPPORTUNITIES
• Innovation and Opportunity • Opportunities abound in exploration, extraction, processing and refining or related services; • industry investment in exploration and development in 2011 approximately $4.5 billion • Currently about 13 per cent of the more than 45.6 billion barrels (7.3 billion cubic metres) of oil initially in-place is recoverable based on current and expected conditions • With approximately 87 per cent of the oil remaining in the ground, there is excellent potential for the use of enhanced oil recovery methods and new technologies
• Enhanced Oil Recovery (EOR) Techniques • 40 billion barrels (6.3 billion cubic metres) of oil in-place that is a target for the use of new EOR methods/techniques • New technologies like vapour extraction and carbon dioxide injection have the potential to increase investment and resource recoveries in Saskatchewan • The Petroleum Technology Research Centre (PTRC) at Innovation Place Regina plays a significant role in pioneering and developing EOR techniques OIL & GAS IN OTHER REGIONS
BRITISH COLUMBIA
• Ultimate potential for conventional gas in northeast B.C. is estimated at over 91 trillion cubic feet of gas-in-place. • Onshore unconventional resources are currently estimated to be over seven times higher than conventional ones. • Over next 3 years investments for strategic development of shale and tight gas resources in the Northeast and $94 million for the Oil and gas Rural Road Improvement Program. • Investment of $187 million for upgrades to the Sierra Yoyo Desan Road will ensure industry investment and enable a shift from conventional to shale gas development in the region. • LNG Gas Terminals Projects: • Western Canada LNG – (BG Group and Spectra Energy Natural Gas Transportation System) • Pacific Northwest LNG (PETRONAS & Progress) • Kitimat LNG (Apache Canada Ltd. & Chevron Canada) • LNG Canada – (Shell Canada Ltd., PetroChina Company Limited, Korea Gas Corp, Mitsubishi Corporation (KOGAS)) • Douglas Channel Energy Project – (BC LNG Export Co-operative LLC: LNG Partners (Texas) and Haisla Nation) RENEWABLE ENERGY
• Total solar installed capacity expected to reach 12,000MW in 2025 • Total win installed capacity expected to reach12,500MW by 2015 • Canada is the 6th largest consumer of electricity in the world providing a huge market for renewable energy. The US is the largest electricity consumer worldwide and is Canada’s primary trading partner. • The Canadian federal government has set a goal of generating 90% of Canada’s electricity from zero-emitting sources by 2020. SOLAR ENERGY
The Canadian solar PV industry received $2 billion of private sector investment in 2011 According to CANSIA By 2025, solar energy will be widely deployed throughout Canada Technology will help achieve market competitiveness – no need for government incentives The solar industry will be supporting more than 35,000 jobs in the economy and displacing 15 to 31 million tonnes of greenhouse gas emissions per year Foreign investors in Canada • Algatec Solar • CentroSolar • Conergy • EDF Energies Nouvelles • KACO New Energy • Samsung • Schletter • Silfab • Silicor Materials • SMA Solar Technology • Unirac WIND ENERGY
Canada has some of the world’s largest wind resources Installed capacity in 2011 5,265MW A record number of wind power projects are under construction, with an estimate that wind energy could supply 20% of Canada’s total electricity demand by 2025 Some of the largest global wind energy companies are present in Canada Major Foreign investors: • Acciona Wind Energy • Daewoo Shipbuilding and Marine Engineering (DSME) • EDF Energies Nouvelles • Enel • Enercon • GE Energy • International Power GDF Suez • Samsung • Siemens • TSP Towers • Vestas • Wind Works Power • Windtechnics Canadian Embassy in Italy
HOW WE CAN HELP
• 90 Employees • 2 offices in Rome • Honorary Consulates located in Udine, Malta, Albania
• Embassy’s main sections: Commercial, Political, Public Affairs, Immigration, Consular
• The embassy covers the countries of Albania, Malta, and San Marino. • Commercial Division: 11 team members including: 1 located in Milan 1 Investment Specialist 1 Innovation Specialist Sector officers in priority sectors (A&D, Agrifood, Automotive, ICT, Life Sciences, Renewable Energy) Trade Commissioner Service
DELIVERING VALUE TO BUSINESSES Building Prosperity for Canada through International Business with Italy
We facilitate: 1. Export Market Development 2. Market Access 3. Technology Partnering 4. Investment in Canada 5. Investment in Italy DOING BUSINESS IN CANADA
HOW WE CAN HELP
• CAMERA COMMERCIO ITALIANA • CANADIAN IMPORTERS and • Montreal: www.italchamber.qc.ca EXPORTERS ASSOCIATION INC. • Toronto: www.italchambers.ca • www.iecanada.com • Vancouver: www.iccbc.com • EXPORT DEVELOPMENT CANADA • ICE - Istituto per il Commercio • www.edc.ca/ estero in Canada • www.italtrade.com • CANADIAN STANDARDS • CFIA: Canadian Food Inspection ASSOCIATION (CSA) in Europe Agency • www.csa-europe.org • www.inspection.gc.ca • AMBASCIATA DEL CANADA a Ottawa • CBSA: Canadian Border Service • www.ambottawa.esteri.it | Agency • www.cbsa-asfc.gc.ca • CONSOLATO ITALIANO a Toronto • www.constoronto.esteri.it • INVEST IN CANADA • www.investincanada.gc.ca CONTACT US Embassy of Canada Emmanuel Kamarianakis Via Salaria, 243 00199 Rome Tel: 06-85444.3351 / 3363 Email: [email protected] ______
For more information, visit our websites: www.tradecommissioner.gc.ca/it www.investincanada.gc.ca www.italy.gc.ca