Premier: Trade with Asia Means Jobs in B.C.

VANCOUVER – British Columbia’s trade relationships have a direct impact on the
growth of family-supporting jobs in our province, said Premier Christy Clark on
the heels of the second Jobs and Trade Mission to Japan, Korea and the
Philippines.

“Since releasing ‘Canada Starts Here: the BC Jobs Plan’, our government has been
focused on promoting British Columbia’s natural advantages to Asian investors.
This trade mission was about building on our strategic trade relationships so we
can continue building our economy’s momentum,” said Premier Clark. “The economies
in Asia are in need of our natural and intellectual resources and together we can
grow our economies and provide well-paying jobs for B.C. families.”

Throughout the approximately 40 events and meetings with political leaders and
large investors, 25 business deals and partnership agreements were signed or
announced with a value of more than half a billion dollars.

Two of the companies with which Premier Clark met, KOGAS and Mitsubishi,
announced that they have partnered with Shell Canada Limited and PetroChina
Company Limited to jointly develop a liquefied natural gas (LNG) facility near
Kitimat, which is expected to handle 12 million tonnes of LNG a year and create
thousands of jobs for British Columbians. Premier Clark was joined on the mission
by representatives of Shell Canada Limited.

“On behalf of the LNG Canada project, we applaud the B.C. government’s initiative
for a second jobs and trade mission to Asia. It shows the province’s commitment
to developing relationships with the customers and markets of the future,” said
Lorraine Mitchelmore, president and country chair of Shell Canada. “B.C. has
abundant natural gas and LNG Canada will be well-suited to deliver long-term
value for British Columbia and access new export markets for Canada.”

Additionally, the Province and Japan Oil Gas and Metals National Corporation
(JOGMEC) signed an agreement to co-operate and share information on natural gas
activities in B.C.

B.C.’s mining sector saw success during the trade mission, including a three-year
extension of an agreement between Imperial Metals Corporation and Sumitomo Metal
Mining Co. worth $150 million, and a $35-million investment by JX Nippon Oil for
a feasibility study for Xstrata Coal’s Suska Project near Dease Lake.

“We are extremely pleased with the outcomes from this trade mission and the
ongoing support from the B.C. government,” said Brian Kynoch, president, Imperial
Metals Corporation. “To have Premier Christy Clark lead this trade mission to
open doors, seek new markets and build on current relationships, confirms that
British Columbia is a place to do business.”

New and innovative technologies played a large part in the mission, including an
agreement between Nelson BioEnergy, Princeton Co-Gen and Korea Welds Co. for the
purchase of 6,000 tonnes of wood pellets this year, worth $1.26 million. Premier
Clark also met with DeNA, a mobile game producer, and Takeda Pharmaceutical
Company Limited, Japan’s largest pharmaceutical company.

“Investors are very keen on B.C. because we have bountiful natural resources,
solid infrastructure and a skilled workforce. These trade missions are about
making sure our economy maximizes its potential by drawing that investment and
creating as many jobs as possible for the hard-working people of B.C.”, said
Premier Clark.

During the mission, Premier Clark also visited the Philippines to provide B.C.’s
government opportunities to strengthen its economic partnerships in the region.
While in Manila, our government signed a Joint Communiqué with the Philippines’
Department of Labor and Employment on areas of mutual benefits with respect to
labour mobility.

“The Philippines economy is showing signs of growth. By supporting our friends we
can expand opportunities in both our regions,” said Premier Clark.

Approximately 104 delegates representing 75 companies, organizations and
community groups accompanied the Premier on the BC Jobs and Trade Mission.

Premier Clark left Vancouver on May 12. While in Japan the mission visited both
Sendai and Tokyo. In Korea, the mission made stops in both Seoul and Suwon.
Finally, before returning on May 20, Premier Clark led the mission to Manila in
the Philippines.

The second BC Jobs and Trade Mission followed a commitment made in ‘Canada Starts
Here: The BC Jobs Plan’ to strengthen existing relationships between B.C. and
Asian markets by opening doors for new relationships and setting the stage for
future opportunities in Japan, Korea and the Philippines.