Opinion: Let’s hope the return on investment for Canadians as we plunge into this exercise is apparent, and transparent, too, writes hscoffield
Freeland, along with economic decision-makers in the United States and the European Union, have been pushing a reorientation of western economies towards trade and investment based on friendship — shared values, cutting greenhouse gas emissions and respect for democracy rather than profit and efficiency.
Freeland pointed to the need to speed up approvals for energy and mining projects that help key allies — rather than relying on Russian oil and gas, or Chinese technology or critical minerals. But if we rewind back to those days of need in January 2021, we’ll recall how frantic we were to import enough vaccines — only to find that the European Union was imposing export restrictions. It was only after intense diplomatic intervention at the highest levels that Canada was able to usher through a steady flow of shipments.
Back in Kanata, Ont., the case for friendshoring appears to be a win-win that could fill the void left by the ejecting of Huawei from Canada’s telecommunications network. While Nokia is a profitable multinational, the company’s CEO argues that the subsidies are crucial in making the case to expand in Canada. The Ottawa area offers a skilled workforce, good quality of life, access to university collaborators and solid potential for a decent return on investment, says Lundmark.“The government subsidy is extremely important and very helpful,” Lundmark told the Star.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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Nokia transforming Ottawa facility into tech hub, expanding presence in CanadaOTTAWA — Nokia Canada, the federal government, Ontario government and City of Ottawa have announced plans to turn the company’s Ottawa facility into a research…
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