Saskatchewan is making bold strides to strengthen its international presence by sending a high-level delegation to Vietnam and Singapore. Led by Minister of Trade and Export Development Warren Kaeding, this mission aims to explore fresh trade opportunities, boost foreign investment, and establish stronger ties in education and immigration. This strategic move underscores the province’s commitment to securing its long-term economic growth and development.
The mission will cover various critical sectors essential to Saskatchewan’s economic success. These include:
- Natural Resources: Highlighting the province’s rich reserves of minerals and energy resources.
- Agriculture: Showcasing Saskatchewan’s significant role in global food security.
- Higher Education: Promoting international collaborations and student exchange programs.
- Labour Recruitment: Exploring potential partnerships to attract skilled immigrants.
Vietnam and Singapore, part of the rapidly growing ASEAN region, are key players in Saskatchewan’s long-term international growth strategy.
Why Vietnam and Singapore?
The ASEAN region has shown impressive growth, presenting valuable opportunities for Saskatchewan businesses. Vietnam and Singapore stand out due to their growing economies and established partnerships with the province. In 2024 alone, Saskatchewan exported goods worth $130.6 million to Vietnam and $10.3 million to Singapore. These figures reflect the increasing demand for Saskatchewan’s agri-food products, minerals, and energy resources.
“Vietnam and Singapore are crucial partners as we continue to grow Saskatchewan’s economic footprint globally,” said Minister Kaeding. “By strengthening these relationships, we can sustain our momentum and support the global demand for sustainable food and energy solutions.”
The Role of Immigration in Saskatchewan’s Growth
One significant aspect of this mission involves efforts to recruit skilled immigrants. Saskatchewan recognizes the importance of immigration in filling critical labour gaps and driving innovation. During the visit, the delegation will engage with local stakeholders to discuss potential immigration partnerships, especially in the agriculture, mining, and technology sectors.
The province’s proactive approach to attracting foreign talent aligns with Canada’s broader immigration goals. By participating in this mission, Saskatchewan seeks to promote itself as a welcoming destination for skilled professionals seeking new opportunities.
Attending the Canada in Asia Conference
A key highlight of the mission is Saskatchewan’s participation in the Canada in Asia Conference. This event brings together influential decision-makers from Canada and Asia to discuss pressing global issues, including:
- Agri-food and food security
- Clean energy technologies
- Sustainable energy transitions
Saskatchewan’s delegation will share insights on the province’s achievements and potential in these fields. This interaction is expected to open new doors for partnerships and collaborations that benefit both Saskatchewan and its Asian counterparts.
Saskatchewan’s ASEAN Success in Numbers
The ASEAN region continues to be a promising market for Saskatchewan’s exports. In 2024, the province recorded $1.5 billion in exports to ASEAN countries. The following table illustrates key figures:
Country | Export Value (2024) |
Vietnam | $130.6 million |
Singapore | $10.3 million |
ASEAN Total | $1.5 billion |
These figures highlight the growing reliance of ASEAN markets on Saskatchewan’s high-quality agricultural products, energy resources, and critical minerals.
Investment Attraction Strategy for Long-Term Growth
Saskatchewan’s international outreach is part of a broader economic plan outlined in its ‘Securing the Next Decade of Growth’ strategy. This plan focuses on:
- Attracting diverse investments from global partners.
- Expanding export markets for key products.
- Enhancing Saskatchewan’s position as a business-friendly province.
The province has also launched Invest SK.ca, a comprehensive website offering valuable information for potential investors. The platform showcases Saskatchewan’s strengths and facilitates easy access to investment resources.
A Promising Future for Saskatchewan’s Global Engagement
This trade and immigration mission to Vietnam and Singapore marks a crucial step in Saskatchewan’s international growth journey. By leveraging its strengths in natural resources, agriculture, and education, the province aims to build lasting partnerships that drive mutual success. The inclusion of immigration initiatives further supports Saskatchewan’s vision of a diverse, skilled workforce ready to contribute to its economic prosperity.
With its proactive approach and strategic initiatives, Saskatchewan is well-positioned to strengthen its global presence and continue attracting talent, investments, and opportunities that benefit its residents and economy alike.
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