Minister Oliver Highlights Opportunities for Energy Exports to Asia

March 18, 2014
Vancouver
Natural Resources Canada

Canada’s Natural Resources Minister, the Honourable Joe Oliver, today delivered a keynote speech to the Canada-China Chamber of Industry and Commerce Association, where he highlighted the immense opportunity for Canadian energy exports to Asia and the Government of Canada’s commitment to diversifying energy markets for Canada’s natural resources. Market diversification supports the Government’s top priority: creating jobs, growth and long-term prosperity for Canadians.

During his address, Minister Oliver described Canada’s vast natural resources, focusing on opportunities for further trade with China in the areas of uranium, oil and gas in the context of rising Chinese energy demand.

Minister Oliver highlighted Canada as one of the world’s most business-friendly countries, especially for foreign investment. He also outlined the Government of Canada’s plan for Responsible Resource Development, which is slashing red tape and streamlining processes to bring greater certainty and predictability for investors. The plan provides world-class environmental protection and ensures meaningful consultations with Aboriginal Peoples.

Quick Facts

• China is Canada’s second-largest trade partner.
• Canadian exports to China have more than quadrupled since 2003.
• Building the economic relationship between Canada and China is a priority for our government. Since 2006, no fewer than 50 ministerial-level delegations from the Government of Canada have visited China.
• Canada’s vast natural gas resources — estimated to be up to 37 trillion cubic metres — represent over 200 years of supply at our current production rate.
• Softwood lumber shipments to China have risen more than 1,000 percent since 2007, and China is now Canada’s largest off-shore destination for softwood lumber.

Quotes

“The growth of the Chinese economy continues at an impressive rate. Canada has the resources China needs. We are an energy partner that China can depend on for the long term.”
Joe Oliver
Canada’s Minister of Natural Resources

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