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Premier Ford Works to Build on Ontario’s Multi-Billion Dollar Trade Relationship with Texas

Posted in Talking Politics

Published on February 15, 2020 with No Comments

  • In 2018, Ontario was the sixth largest customer of Texas, behind Mexico, China, South Korea, Japan and Brazil.
  • Ontario and Texas share strongly integrated supply chains, especially in the automotive and chemicals industries.
  • Ontario is home to key companies, including Firan Technology Group, Honeywell, Ben Machine Products, GasTOPS, Magellan and PCC Aerostructures Centra, that supply components for Lockheed Martin’s F-35 aircraft, which is assembled in Fort Worth, Texas.
  • Over 150 Texas-owned companies have operations in Ontario, including AT&T and Haliburton.

Premier Doug Ford and Vic Fedeli, Minister of Economic Development, Job Creation and Trade, concluded a successful mission to Dallas, Texas where they reinforced the benefits of investing in Ontario to business leaders and officials, including Toyota Motor North America, the Canadian Consul General in Dallas and the Canada-Texas Chamber of Commerce.

“Our focus in sitting down with our partners in Texas was creating more opportunities for businesses to invest and create jobs in Ontario,” said Premier Ford. “We don’t just trade together — we also build things together. And when we do that, we’re supporting good jobs on both sides of the border. It’s a win-win for everyone.”

In 2018, Ontario and Texas traded US$13.8 billion in goods, with top-traded items such as turbo jets and auto parts. While meeting with Toyota Motor North America, Premier Ford and Minister Fedeli thanked the company for its commitment to Ontario, with more than 8,000 employees at facilities across the province. They also discussed the implementation of CUSMA and the potential to create new opportunities for Ontario’s auto industry.

At a Canada-Texas Chamber of Commerce event with leaders from eight businesses in a variety of industries, Premier Ford and Minister Fedeli promoted Ontario as a top trade and investment destination.

Premier Ford and Minister Fedeli also met with the Canadian Consul General in Dallas Rachel McCormick, where they discussed how they could work together to create more opportunities for Ontario businesses in Texas.

“We believe that there are more business opportunities with our partners in the U.S., including in Texas. We are the number one customer of 19 U.S. states and we are the number two customer of nine more,” said Minister Fedeli. “We need to be there to show that we’re open for business and open for jobs.”

 

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