The Northwest Territories has increased its engagement with Asia in recent years. In the territory’s Economic Opportunities Strategy, the territorial government took note of the impact Asian demand has on the territory's goods; a slowdown in demand for diamonds from a growing Chinese and Indian middle-class has meant slower growth for NWT’s diamond industry, which is the third largest in the world. In 2013, Premier Bob McLeod led a delegation to China to promote the territory’s fur, diamond, tourism and natural resource industries; 70 per cent of the territory’s furs currently go to China. In 2013, the premier also visited China as part of a trade delegation and met with Asian investors interested in the territory’s minerals and natural gas. The Premier noted that “The Asian market is something we have to seriously look at, and with the sea ice conditions changing, the ability to transport out of the Northwest Territories is not as daunting as task as it used to be.”
In 2015, the government released its China Strategy and Action Plan, calling for more engagement with China on trade, tourism, culture and education. The strategy identified export opportunities in fur and diamonds in particular, and called for exploring a sister province MOU, increased marketing efforts in China, and much more.
The territory's 2015-15 Marketing Plan mentions Japan, China, South Korea, and India as important tourist markets.
Northwest Territories Immigration Statistics 2000-2014
THE GLOBE AND MAIL, Toronto: Northern Voyage Opens a New Channel in Diplomacy with China (Opinion)
OPENCANADA, Toronto: Why Arctic Sea Routes Won’t be the Preferred Shipping Choice
THE GLOBE AND MAIL, Toronto: Northwest Passage a Key to Canada’s Relationship with Asia
RADIO CANADA INTERNATIONAL, Montreal: Canada’s Asian Connection Through the Northwest Passage
Did You Know...
The Northwest Territories exports 99% of its merchandise goods destined for Asia to India.