TORONTO, March 6, 2013 /CNW Telbec/ - The Honourable Ed Fast, Canada's
Minister of International Trade and Minister for the Asia-Pacific
Gateway, announced Monday the conclusion of foreign investment
promotion and protection agreement (FIPA) negotiations with Cameroon
Minister Fast made the announcement accompanied by representatives of
Cameroon and Zambia at Franco-Mine 2013, which was organized by the
Canadian Institute of Mining, Metallurgy and Petroleum (CIM), in
collaboration with the Trade Commissioner Service of the Government of
Canada, as well as the Government of Quebec's ministère des Ressources naturelles, and held during the PDAC Convention
A FIPA is a treaty designed to promote and protect Canadian investment
abroad through legally binding provisions and to promote foreign
investment in Canada.
"Our government is helping create jobs, growth and prosperity for
families in every region of our country by ensuring investments by
Canadian businesses are protected abroad," said Minister Fast. "These
two investment agreements will bring greater security to the business
environment for Canadian companies looking for opportunities in
Cameroon and Zambia, and are further proof that the most ambitious
trade expansion plan in our nation's history continues to get results
for our businesses and exporters."
Minister Fast commented on CIM's important role as a government partner
with regard to Canada's mining industry. "CIM has been collaborating
with Canada's Trade Commissioner network in West Africa for several
years, organizing incoming and outgoing trade missions, symposiums and
seminars to better support its members," he said. "So we have a great
partner in CIM."
The CIM executive director, Jean Vavrek, was very excited to have the
opportunity to facilitate this significant event. "CIM has been quite
active in West Africa for some time now," said Mr. Vavrek. "The FIPA
signing is a great illustration of the positive outcomes of the work
being undertaken by the various stakeholders on the ground with the
assistance of the Government of Canada and our trade commissioner
network. These developments owe thanks to the initial commitments from
key partners in Senegal and other West African countries."
Minister Fast also officially announced the opening of CIM's first
African Branch in Dakar, Senegal. "The new branch in Dakar will oversee
two research projects aimed at developing an analysis model for local
and regional supply chain opportunities in gold mining in West Africa,"
said Minister Fast. "It will also hold events to provide opportunities
to share knowledge and best practices, such as CIM's first African Gold
Symposium held in Dakar last November. I am confident CIM's new branch
will make a positive contribution in the region."
"The launch of our first branch in West Africa, as part of the newly
approved CIM African District, is the first step towards establishing a
strong local leadership team and will serve as a great platform for
activities that will encourage the expanding Franco-Mine community to
come together," commented Mr. Vavrek.
Held for the second year in a row, Franco-Mine 2013 brought together an
audience of representatives from business, financial institutions and
governments, including mine ministers from Burkina Faso, Gabon, Mali
and Niger, as well as delegations from Egypt, French Guiana, Guinea,
the Ivory Coast and Senegal, to discuss the development of mineral
resources in Francophone Africa.
Presenters at the afternoon session, which included Martine Ouellet,
minister of Ressources naturelles of Quebec, provided a portrait of the
Quebec mining development model and the launch of Québec Mines
International 2013, to be held in Quebec City, from November 11 to14,
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is
Canada's leading professional association for the minerals industry
with over 14,000 members across Canada and globally. CIM is dedicated
to the advancement of knowledge as well as the promotion of networking,
innovation and sustainable practices for the mining industry.
Image with caption: "The Honourable Ed Fast, Canada's Minister of International Trade and Minister for the Asia-Pacific Gateway, with CIM executive director Jean Vavrek sitting to the left. (CNW Group/CANADIAN INSTITUTE OF MINING, METALLURGY AND PETROLEUM (CIM))". Image available at: http://photos.newswire.ca/images/download/20130306_C2915_PHOTO_EN_24351.jpg
SOURCE: CANADIAN INSTITUTE OF MINING, METALLURGY AND PETROLEUM (CIM)
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Canadian Institute of Mining, Metallurgy and Petroleum (CIM)