Post on 30-Dec-2015
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Doing Business in the
Province of Ontario, Canada
Angela SprengCommerical OfficerOntario International Marketing CentreConsulate of Canada, Munich, Germany
Zagreb, October 26, 2010
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Ontario, Canada
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Ontario: Canada’s Economic Powerhouse
37% GDP
39% Population
39% Personal Income
44% Financial services employment
49% High-tech employment
46% Manufacturing shipments
36% Goods exports
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Ontario: Central Location
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Ontario’s Key Sectors
• Automotive and Advanced Manufacturing• ICT: Wireless, Digital Gaming• Chemical• Aerospace• Biotechnology/ Pharmaceutical/ Medical
Devices• Agriculture and Food Processing• Renewable Energy
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Ontario’s GDP compared to other countries
830
681 673
478
374344 332 324 315
278 257 246199 194 187 186
-100
100
300
500
700
900
Austra
lia
Nether
lands
Poland
Ontario
Belgiu
m
Sweden
Switzer
land
Greec
e
Austria
Norway
Czech
Rep
ublic
Portugal
Denm
ark
Hungary
Finla
nd
Irela
nd
Bil
lio
n U
S $
Latest figures at PPP for all OECD countries are available for 2008. Estimates for Ontario Source: Ontario Ministry of Finance, OECD
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Ontario’s Regional Strengths
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Ontario’s Exports and Imports Top Product Categories
•Goods Exports •1. Motor Vehicles and parts – 29.9% •2. Machinery and Mechanical Appliances – 10.7%•3. Precious Stones, Metals, etc. – 6.5%•4. Electrical and Electronic Machinery/Appliances – 5.5%•5. Plastic Products – 3.7%
•Goods Import •1. Motor Vehicles & Parts – 19.4%•2. Machinery and Mechanical Appliances, etc. – 15.6%•3. Electrical/Electronic Machinery and Equipment – 11.6%•4. Oils & other petroleum products – 3.8%•5. Plastic products – 3.7%
Mech Appl.10.7%
Electrical5.5%
Other54%
Motor Vehicles & Parts
30%
Electrical 11.6%
Mech. Appl. 15.6%
Motor Vehicles & Parts19.3%
Other 54%
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Food Processing Industry in Ontario
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Renewable Energy in Ontario
• The Green Energy and Green Economy Act (2009)
– encourages the growth of renewable energy and a conservation culture in Ontario
– a comprehensive feed-in tariff program– several initiatives to promote environmental
sustainability and build a green economy.
• Dr. Hermann Scheer: this law makes Ontario the leader in North America and “a world leader in renewable energy development, industrial innovation and climate protection."
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Electricity Supply Mix Ontario 2006 and 2025 Target
Target 2025 In-Service Capacity Mix
2006 In-Service Capacity Mix
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Feed-in Tariff Program
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Domestic Content Requirements
• Wind and solar developers will be required to have a certain percentage of their project costs come from Ontario-manufactured products/ service/ labour.
• For wind, the requirements start 25% and increase to 50% on January 1, 2012.
• For micro solar photovoltaic (PV) projects (10 kW or smaller), the requirements start at 40% and increase to 60% on January 1, 2011.
• For solar PV, the requirements start at 50% and increase to 60% on January 1, 2011.
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Ontario International Marketing Centre:
• The Ontario International Marketing Centre in Munich is the official representation of the government of Ontario in Germany.
• We work to attract foreign direct investment to Ontario and to promote awareness of and access to Ontario-produced goods and services.
• Our confidential services are free of charge and include market intelligence, site location assistance and connecting international buyers to Ontario exporters.
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More Information
Ontario International Marketing CentreConsulate of Canada MunichTal 2980331 MünchenTel.: +49(0)89-219957-60Fax: +49(0)89-219957-65
Dr. Terrie Romano, ConsulEmail: terrie.romano@international.gc.ca
Angela Spreng, Commercial OfficerEmail: angela.spreng@international.gc.ca