Business
March 5, 2007
 

Business Department Seeking Opportunities in Qatar and Japan

The Honourable Kevin O�Brien, Minister of Business will travel to Qatar and Japan to explore business attraction opportunities for Newfoundland and Labrador March 5-15. Minister O�Brien and department officials will meet with senior members of government and executives of private companies in both countries to discuss business opportunities in an effort to attract investment to the province.

�A key activity within the Department of Business is business attraction. It is critical in a competitive global marketplace that we actively promote the benefits of doing business in Newfoundland and Labrador to foreign companies,� said Minister O�Brien. �The province has already established business connections in both Qatar and Japan, and it is our intent to leverage our existing ties in these countries.�

On March 5, the delegation departs for Doha, Qatar, and will hold meetings with the Chief of the Emiri of Diwan, the Deputy Prime Minister, the Minister of Finance, the Minister of Education, and the Foreign Minister. The delegation will also meet with private companies in the region to discuss possibilities for future business partnerships. Topics of discussion will include business attraction opportunities for the province, and potential supply and demand issues for the economy of Qatar. Presentations will be given regarding the current infrastructure of the province, and the existing business base and economy in Newfoundland and Labrador. Meetings will also be held with organizations that are based in the province with operations in Qatar.

On March 10, Minister O�Brien and officials continue to Tokyo, Japan to participate in the 2007 Agriculture and Agri-Food Investment Seminar. The purpose of the seminar is to communicate to the Japanese agri-food industry opportunities that exist in the agriculture and agri-food sector in Newfoundland and Labrador. In addition to highlighting the agriculture and agri-foods sectors, there will be a presentation on the aquaculture industry in Newfoundland and Labrador. Meetings will also be held with business leaders in Japan interested in conducting business in the province.

�The future of Newfoundland and Labrador is dependent on business growth and investment. For the province to be successful, we must target opportunities for which we have a competitive advantage. We, as a province, must market globally to promote inward investment, thereby strengthening our economy and creating jobs,� said Minister O�Brien.

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Media contact:
Jennifer Dalton
Director of Communications
Department of Business
709-729-7628, 693-2655
jenniferdalton@gov.nl.ca

2007 03 05                                                 10:05 a.m.


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