Canada is set to announce agreements Monday to deepen the trade relationships with Cameroon and Zambia.
While strengthening the trade ties with the foreign countries, the Canadian federal government aims to protect Canadian investments abroad and promote foreign investment in Canada.
"Our government is helping create jobs, growth and prosperity for families in every region of our country by ensuring investments by Canadian businesses are protected abroad," the Globe and Mail quoted the Canadian Trade Minister Ed Fast, as saying.
The announcement comes after trade talks with the two countries at the Prospectors and Developers Association of Canada international mining convention.
"Our government is committed to working with our trading partners to pursue policies that support a responsible and sustainable investment environment in the best interests of both workers and businesses," said Minister Fast.
"Raising awareness of Canadian expertise and technology, and sharing our know-how and best practices with industry leaders, helps our companies succeed in today's competitive global economy," he added.
Canada has so far made 24 Foreign Investment and Protection Agreements (FIPAs) across the world. The federal government in recent years has concluded agreements with South African nations like Benin, Mali, Madagascar and Tanzania.
"Canada's mining sector-which employs more than 300,000 Canadians-leads the world in responsible mining practices, and we are proud of the prosperity that this sector is creating here at home and in every corner of the globe," said Fast in a press release Sunday.
The minister also said that Canada always aims to help the foreign companies in Canada to generate more jobs and economic prosperity in the country.
"Through our government's Corporate Social Responsibility Strategy, we want to help these companies remain world leaders and continue creating jobs and opportunities in Canada and abroad," added the minister.
Investments in Zambia and Cameroon by Canadian companies are more than $6 billion and $35 million respectively.
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