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Korean Trade Mission Keeps Bond Busy

By 250 News

Wednesday, November 03, 2010 07:04 PM

Minister of Transportation and Infrastructure, Shirely Bond, in meetings in Korea
 
SEOUL - Minister of Transportation and Infrastructure Shirley Bond and Pacific Gateway partners met with shipping lines, steel, and chemical producers in Korea today. They are in Asia to promote the Pacific Gateway and generate new and expanded trade opportunities for B.C.
 
"Hyundai Merchant Marine, Hanjin Shipping, POSCO (Pohang Iron and Steel Company) and OCI Chemicals all confirmed to our trade mission that they value Canada's Pacific Gateway as a unique and powerful collaboration," said Bond. "Asian business is telling us that the Pacific Gateway is their best route to Asia and they want to send more business our way."
 
Bond and officials from Pacific Gateway partners Port Metro Vancouver, Port of Prince Rupert, CN, CP, Vancouver International Airport and BNSF are in South Korea on a trade mission to strengthen business relationships and promote Canada's Pacific Gateway's position as the preferred supply chain for trade between Asia and North America.
 
Korean shipping executives confirmed that despite the crisis in the world economy in 2009, their third quarter of trade in 2010 was the best ever. B.C.'s balance of exports and imports with South Korea make container traffic through B.C. ports highly cost-effective.
 
"I met with POSCO, the world's fourth-largest steel producer. Their executives said they are very happy with B.C.'s level of service, especially compared to our major overseas competitors," said Bond. "POSCO is already getting 20 per cent of their coal from B.C. and plans to increase this business area by 15 per cent annually."
 
Mission partners also met with a company interested in an emerging opportunity to substitute B.C.'s wood pellets for thermal coal in South Korea. This company has identified seven B.C. companies as being potential sources for future wood pellet production, and has begun discussions with two of them. This green renewable energy source will get carbon credits from Korea's government in 2012.
 
"I'm delighted by our first day's progress," said Don Krusel, president and CEO of the Prince Rupert Port Authority. "I am getting great feedback from Korean businesses about the advantages to be realized through Canada's Pacific Gateway, and its ability to
accommodate the growth and expansion of trans-Pacific trade.

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Comments

Thumbs up,,,, yeah Shirley, she finally getting kudos.... Now only if we had a leader.
Look at all the paper and writing implements. Also the bottled water.

There might be a computer or around that are not readily visible, perhaps an ipad ....

Wonder if that will ever change in the next 30 or so years.
oooo look ,,, great photo op ms.bond ya really think we see that and think wow writing mmm ,probably figuring out how she can get more expences.idiot
Bell and Bond going overseas to drum up business shouldn't go to their heads. I think this trip has merits, but other things are at play that factor in far more then their presence or efforts.

Facts are the United States Federal Reserve (a private bank run by the banksters) yesterday printed $600 billion in fake money to buy treasuries and bonds that real money is not available to buy. They call it quantitative easing. Really its the death signal of the US dollar, and is of far more significance than even the election that took place the day before. The political process and its actors take a back seat to the globalist banksters running the show.

For Asian exporters they all rely on their trade surplus with North America for their growth and stability of their local miracles. For them 'quantitative easing' is the number one global issue today. They in no way want to be left holding the bag of paper that is rapidly loosing value as it becomes unhinged to real world economics.

For China they have begun to buy far less US treasuries knowing what US Fed policy is... but to balance trade they have to park that money somewhere... right now buying a 2x4 that they can use has far more value than a US treasury that is loosing its value due to the monetary tax of 'quantitative easing' where every dollar printed diminishes the true value of the previous dollar.

For the Asian exporters they want our resources as a hedge that retains value in a global environment run by the US Fed designed to kill the value of the US dollar and its paper assets. This will only accelerate in the coming weeks and months. Canadian politicians shaking hands with the Asian trade partners can only benefit... but in reality far bigger things are at play than eagerness to please our politicians with commitments to do business buying things of real value from us.
And the theory of that is, of course, not known to the people going to the customer who is eager to buy at this time. Neither is it known to the people who are printing the money.

That reminds me, I think Socredible likes printing money. It reflects the assets we actually have but never acount for by giving us the credit for those assets. :-)
I also notice that no one is wearing earphones.

Anyone want to hazard a guess whether they are speaking English or Korean?
I also notice the room is a bit cramped. Hoepfully there is reasonable ventillation. :-)
No I think you have that one wrong Gus. I think socred's point was that he felt any quantitative easing should be individual based, and not in the form of a finance bailout to the big banks 'to big to fail'... not as a reward for corruption.

The ponzi scheme is so big now that all this does is delay a few months the inevitable... when they will try the same thing again... Maybe after a few Trillion in quantitative easing bailing out banks, maybe then they might fund the citizens that make up the economy, but by then it will likely be symbolic at best, as all will already be lost....?