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Businesses, CIDA look at working closer together

Published by Steve Coleman on March 05, 2012

Private industry and the Canadian International Development Agency are looking for ways to work closer in developing countries.

The business community and CIDA may start building on successes first done by the mining sector as a way to both promote Canadian business in the Third World and help bring CIDA programs to developing countries.

CME was among the delegates at a roundtable discussion hosted by International Cooperation Minister Beverly Oda on March 5.

Delegates hope, that by working closer together, Canadian manufacturers and exporters working in developing countries and CIDA might have better results reducing poverty and boosting economic growth.

CME used the meeting to stress that Canadian businesses are increasingly looking at opportunities in emerging markets, said Jean-Michel Laurin, vice president global business policy. As a whole, the business community is happy that the minister is trying to get the business sector involved with investments that can help reduce their host countries' poverty rates.

As a part of the meeting, the two sides also looked at how they can eliminate some of the "constraints" they've encountered while they're working together.

CIDA says it plans to use the discussions to look at new ways to incorporate business expertise, as well as business-style innovative thinking and new approaches, into the way it delivers community development programs.

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