Sunday, 26 May 2024 13:37

Arizona Embraces New Canadian Trade Office in Phoenix: Strengthening Economic Bonds

Strengthening Economic Ties: Arizona Welcomes New Canadian Trade Office in Phoenix

State Representative David Cook, a leading figure in Arizona's economic development, recently celebrated a significant milestone in the state's international trade relations. Joined by Governor Katie Hobbs and Canada's Minister of Export Promotion, International Trade, and Economic Development, Mary Ng, Cook marked the establishment of a new Canadian Trade Office in Phoenix at a special event held at the Arizona Commerce Authority (ACA).

Cook, who chairs the House International Trade Committee, has been a vocal proponent of enhancing trade partnerships with Canada. His efforts were underscored by a bipartisan trade mission to Canada last year, aimed at fostering business investment and economic growth through collaborative endeavors. Minister Ng personally acknowledged the success of this mission, which facilitated crucial engagements with Canadian economic entities and legislative bodies.

In his remarks, Chairman Cook emphasized the pivotal role of Canada in Arizona's economic landscape, highlighting it as the state's largest source of foreign direct investment and its second-largest export market. The establishment of the Canadian Trade Office in Phoenix signifies a significant step towards fortifying trade and investment ties between the two regions.

Arizona's export sector, particularly in industries like aerospace, motor vehicles, and nonferrous metals, has witnessed substantial growth in trade with Canada. Notably, prominent Canadian companies such as BMO Harris Bank, Hypertec, Circle K, and Bombardier have established substantial operations in the state, contributing significantly to local economic activity and employment opportunities for thousands of Arizonans.

The newly established Canadian Trade Office will serve as a pivotal hub for fostering collaboration between Canadian businesses seeking opportunities in Arizona and vice versa. By working closely with entities like the Arizona Commerce Authority and the Greater Phoenix Economic Council, the office aims to support and promote the interests of both Arizona and Canadian businesses, further bolstering bilateral economic relations.

David Cook's leadership in the Arizona House of Representatives, coupled with his roles as Chairman of both the House Transportation & Infrastructure Committee and the House International Trade Committee, underscores his commitment to driving economic growth and prosperity for the state. Follow his updates and insights on Twitter at @RepDavidCook.

Original article:

State Representative David Cook Celebrates Announcement of New Canadian Trade Office in Phoenix

STATE CAPITOL, PHOENIX (Tuesday, May 21, 2024) – State Representative David Cook, Chairman of the House International Trade Committee, today joined Governor Katie Hobbs and the Honorable Mary Ng, Canada’s Minister of Export Promotion, International Trade, and Economic Development, for a special event at the Arizona Commerce Authority (ACA) announcing the establishment of a new Canadian Trade Office in Phoenix.

Chairman Cook has been a strong advocate for expanding trade with Canada. He led a bipartisan trade mission to Canada in the fall of last year, focused on fostering business investment and economic growth through international collaboration. At today’s announcement, Canadian Minister Ng personally recognized that highly successful trade mission, which led to key engagements with Canadian economic development organizations and legislative bodies.

“Canada is the biggest contributor to foreign direct investment in Arizona, and our bilateral trade has helped fuel the state’s economic growth,” said Chairman Cook. “The establishment of a Canadian Trade Office here will strengthen our trade and investment ties. The office will be a hub for Canadian businesses seeking opportunities in Arizona, and vice versa, ultimately benefiting both economies.”

Arizona companies export billions in goods to Canada annually, making it the state’s second-largest export market. Canada is also Arizona’s third-largest import source. Sectors such as aerospace, motor vehicles, and nonferrous metals, including copper, have seen significant growth in trade between the two regions.

Prominent Canadian companies such as BMO Harris Bank, Hypertec, Circle K, and Bombardier have established significant operations in the state, employing thousands of Arizonans and contributing to local economic activity.

The new Canadian Trade Office will work closely with the Arizona Commerce Authority, the Greater Phoenix Economic Council, and other key stakeholders to support and promote the interests of both Arizona and Canadian businesses.

David Cook is a Republican member of the Arizona House of Representatives serving Legislative District 7, which includes Pinal, Gila, Coconino, and Navajo Counties. He is Chairman of the House Transportation & Infrastructure Committee and the House International Trade Committee. Follow him on X/Twitter at @RepDavidCook.

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