Mr. Speaker, I had the opportunity recently to witness the signing of the memorandum of intent between Interport Development Inc. and the China Development Industrial Bank of Taiwan. I was honoured to join the chairman and CEO of Interport, Stephen Wu, as well as the president of CDIB, Benny T. Hu.
This joint venture will develop a 450 acre light industry park which will generate $500 million in capital investment over 15 years and provide 5,000 new jobs. These relations between Canada and Taiwan are good for the B.C. economy, encouraging financial investment and job creation in western Canada.