The CABC welcomes Minister of International Trade Diversification, the Hon. Jim Carr, to Thailand and Singapore to help Canadian business access one the world’s fastest-growing markets. The CABC is looking forward to advocating on behalf of our Members at the upcoming 7th ASEAN Economic Ministers-Canada Consultations.
“Expanding into the Southeast Asia region will help Canadian-owned businesses access one the world’s fastest-growing markets. By strengthening people-to-people ties and increasing trade and investment opportunities in this dynamic region, we are creating the right conditions for more Canadians to confidently compete and succeed, creating more jobs as a result.”
– The Honourable Jim Carr, Minister of International Trade Diversification
As Canada continues to ramp up its engagement across the entire Asia-Pacific region, it present enormous opportunities for Canadians to diversify markets. In Thailand and Singapore, opportunities abound for Canadian expertise and innovation in the transportation, clean energy and financial sectors. Diversifying trade over the longer term means advancing discussions and securing a pathway towards more free trade with ASEAN nations.
As a group, ASEAN ranks as Canada’s sixth-largest trading partner. According to data by the ASEAN Secretariat, Canada is ASEAN’s ninth largest trading partner among the Dialogue Partners with total two-way trade estimated at US$13.2 billion in 2017.
The ASEAN-Canada dialogue partnership was established in 1977. Both sides convened a Commemorative Summit to mark the 40th anniversary of dialogue relations last November in Manila.
Find out more about Minister Carr's visit to Thailand and Singapore here.