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Wednesday , January 29 2020

Canada’s Charest visits Kuwait to promote investment – Ex-Deputy PM highlights strengths of Canadian economy and competitive advantages of investing in Canada

KUWAIT CITY, Feb 11: Kuwait and Canada enjoy strong and growing bilateral relations, which are well-founded upon the fundamental principles and values shared by the two nations. Canadians contribute to Kuwait’s economy with a wide range of services and products in fields such as engineering, aerospace, education, medical consultancy and architecture.

As part of its mandate to promote and expand bilateral trade and investment, the Canadian Embassy was pleased to host former Deputy Prime Minister of Canada and former Premier of Quebec, the Honourable Jean Charest, who visited Kuwait on Feb 11, 2018 as one of Canada’s investment champions, to promote Foreign Direct Investment in Canada.

During his visit, Charest undertook a speaking engagement with the Kuwaiti business and investment community. More than 100 people attended the event, during which Charest highlighted Canada’s welcoming investment climate and the fact that it is ranked as the easiest country in the G7 and OECD to start a business.  He further noted that a sound and effective financial system, combined with low business costs, world class innovation and a stable, progressive democracy, render Canada the investment destination of choice for Kuwaiti institutions and individuals alike.

Charest also participated in individual meetings with Kuwaiti investors, including the Kuwait Investment Authority (KIA) and Petrochemical Industries Company (PIC). His meeting with PIC included discussions regarding the company’s recent joint venture with Canada’s Pembina Pipelines and opportunities in the petrochemical sector in Canada generally.  In addition, Charest met with members of the Canadian business community in Kuwait in order to gain their perspectives on Canada-Kuwait commercial relations.

Finally, Charest availed himself to speak with media, during which he further emphasized the strengths of the Canadian economy and the competitive advantages of investing in Canada.

Charest possesses a wealth of expertise and experience not only in government, but also in the private sector, where he is now a senior partner in the Montreal-based law firm McCarthy Tétrault.  An impassioned promotor of Canada, Charest is also a staunch advocate of global trade and investment, as well as a champion of environmental protection.  His visit to Kuwait serves to reinforce the Government of Canada’s message that Canada offers a strong and stable business climate that is open for business, investment, and trade. Furthermore, Canada benefits from a sound, efficient financial system that is enhanced by low taxes and business costs, together with a government committed to investment in an economy that is hallmarked by innovation, inclusiveness and responsible environmental stewardship.

For information about investing in Canada, you can go to www.investincanada.com

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