Trade between Ontario and Indiana is already valued at $23.9 billion with a plan from both jurisdictions to continue to grow that number. PHOTO courtesy Prima Power.
Ontario and Indiana have signed a new Memorandum of Understanding (MOU) to promote increased trade, attract investment and continue to collaborate in key sectors such as automotive and advanced manufacturing.
“Ontario and Indiana have always been great partners and this agreement is a tremendous opportunity to further strengthen our economic ties,” said Ontario Premier Doug Ford. “As the world continues to face economic uncertainty, it has never been more important to build strong partnerships with other jurisdictions to boost trade, attract investments and create good-paying jobs.”
Trade between Ontario and Indiana is already valued at over $23.9 billion (CAD) in 2022, making Ontario Indiana’s largest export market. The new MOU promotes economic cooperation between the two jurisdictions by supporting regular business missions, sharing market information and promoting investment. Ontario and Indiana have also agreed to work together to maximize opportunities created by emerging technologies and innovations.
The agreement with Indiana is part of Ontario’s strategy for trade with the United States. As part of the strategy, Ontario is pursuing additional agreements with other state-level trading partners to secure improved access to investment pipelines and markets in the US for Ontario businesses.