Shanghai Mayor Yang Xiong met Saskatchewan Province Premier Brad Wall from Canada on Tuesday.

Yang said that China and Canada have entered a new stage of bilateral relationship and cooperation thanks to the effort of their leaders. The two countries are complementary in economy and Shanghai has close business ties with Canada.

The mayor briefed Canadian guests on the development of the China (Shanghai) Pilot Free Trade Zone and a series of reform and opening measures in the zone to facilitate investment and foreign trade. He said the city’s financial sector will further open to foreign companies, including those from Canada.

Yang welcomed Canadian businesses to enter the Chinese market through the free trade zone and encouraged Shanghai corporations to invest in Canada via the FTZ.

He also noted that Shanghai is striving to develop into a global innovation center and is looking forward to closer cooperation with Canada, including Saskatchewan Province, in areas of science, technology and education.

Wall said the Canadian-Chinese relationship is growing at an unprecedented pace. Saskatchewan Province gives a higher priority to the Asian market and the Chinese market. The province saw its trade with China doubled in the recent years.

He said his province is keen to cooperate with Shanghai and other provinces and municipalities in China in economy and trade.Canadian Consul General in Shanghai Weldon Epp joined the meeting.

Source: Shanghai FTZ Government.cn