Ontario Chamber: Canada-Greece Trade and Investment Have ‘Incredible Potential’ for Growth

Photo source: Toronto Economic Forum

The prospects for trade and investment between Canada and Greece are immense, according to Daniel Tisch, the president and CEO of the Ontario Chamber of Commerce.

Speaking at the recent Toronto Economic Forum, organized by the Delphi Economic Forum, Tisch highlighted that there is significant potential for growth in sectors such as shipping, tourism, and renewable energy.

“There is incredible potential for trade and investment growth between Canada and Greece, and at the Ontario Chamber we look forward to doing everything we can to strengthen these bonds, relationships, and opportunities so that we can all thrive together,” Tisch said.

He also noted that while Canada has the largest bilateral trade relationship with the U.S., with $1 billion worth of goods crossing the border every day, the country should aim to diversify through other international partnerships.

Ontario Chamber President and CEO Daniel Tisch. Photo source: Toronto Economic Forum

Tisch emphasized that Canada offers a unique environment, where ambition, talented people, strong infrastructure, and shared values converge. He also pointed out that Ontario, which has a strong local economy driven largely by small businesses, presents a dynamic environment for job creation and innovation.

“Ninety-eight percent of businesses in Ontario are small, which creates an interesting mosaic of local jobs, investments, and community-driven innovation,” he said, elaborating on Ontario’s four-pronged advantage: values, ambition, infrastructure, and people.

Greece’s Cooperation Prospects with Canada

Greek Deputy Minister of Economy and Finance Nikos Papathanasis. Photo source: Toronto Economic Forum

Greek Deputy Minister of Economy and Finance Nikos Papathanasis also addressed the Toronto Economic Forum, outlining the investment possibilities and cooperation prospects between Greece and Canada in areas such as tourism, energy, technology, communications, real estate development, and other strategic sectors of the economy.

Papathanasis highlighted that Greece has become a more attractive destination for investment, particularly after achieving one of the best economic performances in Europe. He underlined the significant inflow of funds, especially from the Recovery and Resilience Fund, and noted Greece’s focus on supporting vulnerable social groups.

“The future of the country is auspicious,” Papathanasis said, stressing the importance of strengthening commercial relations between Greece and Canada.

Doug Ford on Ontario’s Economic Growth

Doug Ford, the Premier of Ontario. Photo source: Toronto Economic Forum

In his opening remarks, Doug Ford, the Premier of Ontario, outlined the tremendous progress the province has made over the past six years, noting that Ontario is now attracting significant investment from various sectors of the economy and creating thousands of well-paying jobs.

“Ontario’s economic growth has been based on investment, not tax increases,” Ford said. “We’ve focused on developing key infrastructure in health, transport, and communications to create an attractive investment environment.” He also highlighted the role of Ontario’s educational system in ensuring the creation of job opportunities for businesses.

Premier Ford further discussed the contributions of the Greek community in Ontario and the promising prospects for strengthening economic ties between Greece and Canada.