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China’s Growing Ocean Technology Sector

NOTE: This opportunity has expired or is an event which has already taken place.

From IBRD’s TradeWaves:

China, a country of over 1.3 billion people, has been the world’s fastest growing economy, and is the world’s largest exporter and importer of goods. It is a country offering business opportunities in sectors such as manufacturing, agrifoods/seafood, ICT, and education. More recently, however, China has become interested in the ocean technology (OT) sector.

The Chinese government increasingly recognizes the importance of the country’s surrounding oceans and consequently ocean technology to both their economy and to their environment. China, afterall, has a coastline of about 18,000 kilometers (km), and is a country with a sea area of about 3 million square km. The country’s latest (12th) Five Year Plan calls for a number of initiatives related to oceans and for the establishment of Three Marine Economic Zones (MEZs) to be located in Shangdong, Zhejiang and Guangdong provinces.

What does this mean for opportunities at home?

Recognizing the technologies and capabilities that Atlantic Canada has to offer, the Chinese are looking to this region for expertise in the ocean technology sector.

In June, 25 people active in China’s ocean technology sector, participated in a familiarization tour of Atlantic Canada’s resources in this area. The purpose of the visit was to aid in further understanding the economic and environmental opportunities and concerns, to identify areas to grow and diversify their own economy, as well as to identify areas of potential opportunity and collaboration with Atlantic Canada.

The delegation included 23 OT sector researchers, educators and entrepreneurs as well as Trade Commissioners from Canada’s posts in Shanghai and Qingdao.

During their visit to this province, the group visited the National Research Council Canada, the Marine Institute, Memorial University, Holyrood Marine Base and the Oceans Science Centre. They also attended several networking functions including an industry luncheon hosted by Oceans Advance where they had an opportunity to meet with private sector organizations involved in the sector.

Overall it was a very successful and productive visit, and initial feedback from the group indicates potential partnerships and agreements with some local firms and organizations.

‘By invitation from Atlantic Canada provinces, a group of Chinese experts in Ocean Technology representing universities, research institutions and private sector have toured the region to learn about the strengths and the opportunities in ocean tech in the region. At the same time, their presence helped increased awareness and interest in the ocean technology sector in China for the local participants. Discussions between the two parties have generated a number of real opportunities and some of them will be concluded in the near future, such as university cooperation, joint research projects and distribution agreements.’

– Majid Dellah, Trade Commissioner, Consulate General of Canada, Shanghai

To continue to explore and build on these relationships, further plans are now underway, on a pan-Atlantic basis, to organize an Atlantic Canada Business Development Mission to Oceanology International China, in Shanghai, September 2013.

For more information on China business development or the Oceanology Show, please contact Bob Norman at (709) 729-0598 or bnorman@gov.nl.ca.
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