1 Doing Business in the Province of Ontario, Canada Angela Spreng Commerical Officer Ontario...

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1 Doing Business in the Province of Ontario, Canada Angela Spreng Commerical Officer Ontario International Marketing Centre Consulate of Canada, Munich, Germany Zagreb, October 26, 2010

Transcript of 1 Doing Business in the Province of Ontario, Canada Angela Spreng Commerical Officer Ontario...

Page 1: 1 Doing Business in the Province of Ontario, Canada Angela Spreng Commerical Officer Ontario International Marketing Centre Consulate of Canada, Munich,

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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: [email protected]

Angela Spreng, Commercial OfficerEmail: [email protected]