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News Release - January 17, 1997 ROMANOW WELCOMES MAJOR WHEAT SALE IN THAILAND
Premier Roy Romanow welcomed a $250 million, one million ton wheat sale
in Thailand today, capping what he called a highly successful Team Canada trade mission for Saskatchewan. "This is one of the largest contracts signed on this entire Team Canada mission," Romanow said. "Saskatchewan producers supply about 60 per cent of the wheat sold by the Canadian Wheat Board. I'm very pleased that Saskatchewan producers will get such a major direct boost out of Team Canada. All in all, the mission has been truly beneficial for our province." At a signing ceremony in Bangkok today attended by Romanow, Prime Minister Jean Chretien and the nine other First Ministers on the mission, the Canadian Wheat Board signed a letter of agreement with seven Thai flour mills to target sales in excess of one million tons of wheat over the next five years. The Thai flour mills are United Flour Mill Co. Ltd., Siam Flour Trading Co. Ltd., Laemthong Corporation Ltd., Thai Flour Mill Industry Co. Ltd., Bangkok Flour Mill Co. Ltd., Nisshin-STC Flour Milling Co. Ltd. and Kerry-Glory Flour Mill Co. Ltd. At current wheat prices the agreement is worth $250 million. The return to Saskatchewan producers will be up to $150 million. At the same signing ceremony, Romanow and the other First Ministers witnessed the signing of a memorandum of understanding between the University of Saskatchewan and Thailand's King Mongkut Institute of Technology (KMITL) -- the largest science and technology institution in the country. The agreement provides for collaboration between the two institutions in the planning of facilities and programs for a new KMITL campus in Chumphon province, Thailand. The campus will specialize in agricultural science and technology. "This partnership is another example of the University of Saskatchewan's broadening international ties," Romanow said. "Our province offers world-class educational services and consulting, and as we see today, we are finding markets for them around the world." The major Thai wheat sale and U. of S. agreement cap a series of Saskatchewan agreements during the trip. Other highlights of the mission include: A US $30 million agreement in the Philippines, under which SaskTel will work to expand rural telephone service in 28 Philippines provinces; A US $5 million consultancy agreement under which SaskTel will assist in the design, construction, operation and maintenance of a fibre-optics and microwave transmission network in the Philippines. An agreement in South Korea between Massload Technologies and Daelim Scales Manufacturing to jointly produce and market weighing equipment in Asia -- with an estimated $5 million in first-year sales; An agreement between the University of Saskatchewan and The National Veterinary Research Institute of Korea to jointly develop and commercialize livestock pharmaceuticals and other biotechnology; Discussions with the Korea Electric Power Corporation (KEPCO) on increasing trade and investment in Saskatchewan's northern mining industry. KEPCO's goal is to purchase 30 per cent of its nuclear fuel from mines in which it has taken and equity position. The South Korean utility has already invested in Saskatchewan's Cigar Lake (2 per cent) and Dawn Lake (4.7 per cent) mining developments. Korea plans to increase the proportion of its energy derived from nuclear power by 40 per cent. Tomorrow, Premier Romanow attends a meeting to advance a new working relationship between the University of Saskatchewan and the National Science and Technology Development Agency of Thailand, an umbrella agency co-ordinating the country's research and development efforts in biotechnology, telecommunications and information technology and advanced metallurgy. A component of this Thai agency agreed in 1996 to a $2.75 million sponsorship agreement with the TR Labs consortium to work on telecommunications technology. Both SaskTel and Saskatchewan Economic Development are member-sponsors of the consortium. The premier supported young entrepreneurs from Saskatchewan's Shuttle Craft International and The Edge Models and Talent as they worked on new market development in all three countries. In a meeting between First Minsters and Korean President Kim Young-sam, Romanow discussed lifting barriers to Saskatchewan value-added trade, and exchanged views on a major South Korean labour dispute. In a meeting between First Minsters and Philippines President Fidel Ramos, Romanow outlined Saskatchewan's trade interests in the Philippines (including increased sales of speciality crops and wheat, potash, mining products and value-added products like telecommunications) and exchanged views on how trading partners can jointly work to eliminate child exploitation. In a meeting between First Ministers and Thai Prime Minister Chavalit Yongchaiyudh, Romanow highlighted Saskatchewan's agricultural export priorities and expressed the hope that Canada will be able to build on successes like the Canadian Wheat Board agreement. Romanow welcomed widening Saskatchewan-Thailand educational exchanges. He highlighted Saskatchewan's role as a reliable supplier of potash and uranium should Thailand consider nuclear generation. -30- For more information, contact: Tim Kydd Media Services Regina Phone: (306) 787-0850 |
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