The Toronto Region Board of Trade held today a conference to discuss the importance of the World Expos as well as the planning for a World Expo 2025 bid.
BIE Secretary General, Mr. Vicente G. Loscertales attended the conference to deliver a keynote address and to participate on a panel discussion about the power of Expos to transform cities. The BIE Secretary General also met with representatives of both the Provincial and Federal Governments to discuss Canada’s membership to the BIE.
In 2014, a feasibility study conducted for Toronto’s city council projected Expo 2025 would create 190,000 jobs, generate CA$5.4 billion new tax revenues and spark CA$15.5 billion in economic activity, with more than half of it in the Greater Toronto Area.
Mayor John Tory granted that “events of a global scale, like the Expos overseen by the BIE, help accelerate economic development and engage the more than 6 million Canadians living in the Greater Toronto Area in a unique, world-class experience”.
In accordance with the Regulations of the BIE, the Government of a State wishing to organise a World Expo, can only submit its candidature a maximum of nine years and a minimum of six years before the opening date of that Expo, but once a candidate files its bid to the BIE for an Expo, the other candidates have a maximum of six-month to state their intention to compete for the same World Expo.
Toronto is the most populous city in Canada, the provincial capital of Ontario and widely recognized as one of the most cosmopolitan cities in the world. In 2015 Toronto successfully hosted the Pan and the Para Pan American Games, which became the largest multi-sport event to be held in Canada.