NEWS RELEASES
EGGLETON TO VISIT DUBLIN AND LONDON
August 30, 1996 No. 151
EGGLETON TO VISIT DUBLIN AND LONDON
The Honourable Art Eggleton, Minister for International Trade, will visit Dublin
and London from September 4 to 8 to promote investment in Canada, as well as
Canadian aerospace exports.
In Dublin, Mr. Eggleton will meet with Mr. Dick Spring, Deputy Prime Minister and
Minister for Foreign Affairs, and with his counterpart, Mr. Enda Kenny, Minister
for Tourism and Trade. As Ireland holds the Presidency of the European Union,
this visit will provide an opportunity to discuss strengthening transatlantic
economic and political co-operation. On September 4, Mr. Eggleton will speak to a
joint meeting of the Dublin Chamber of Commerce and the Ireland-Canada Business
Association.
"Last year, Ireland had the fastest-growing economy in the European Union, which
makes it an ideal destination for Canadian foreign investment," the Minister said.
"As well, through increased bilateral trade and investment, Canadians can
demonstrate concrete support for the peace process."
In London, Mr. Eggleton will meet with Sir Nicholas Bonsor, Minister of State
(North American Affairs), with the financial community, and with members of the
print and broadcast media. On September 5, he will visit the Farnborough
International Air Show, one of the two most important trade fairs for the world
aerospace market, to lend support to the extensive Canadian private sector
participation at the show.
"The United Kingdom is Canada's second-largest source and destination of foreign
investment, as well as an influential member of the European Union," said Mr.
Eggleton. "It is a market in which Canadian business does well and in which we
wish to do better."
U.K. investments in Canada stand at $16.5 billion, while Canadian investments in
the U.K. amount to $14 billion. The U.K. is also Canada's third-largest export
market, with two-way trade amounting to $9.2 billion in 1995.
Two-way trade between Canada and Ireland currently stands at $755 million, and
direct Canadian investment in Ireland amounts to $4.4 billion, which makes Ireland
the fourth-largest destination for Canadian foreign investment. Irish investment
in Canada stands at $209 million.
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For further information, media representatives may contact:
Elaine McArdle
Communications Assistant
Office of the Minister for International Trade
(613) 996-6271
Media Relations Office
Department of Foreign Affairs and International Trade
(613) 995-1874
This document is also available on the Department's Internet site:
http://www.dfait-maeci.gc.ca
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