Date: 8 December, 2016
Location: JW Marriot, Hanoi, Vietnam
CABC was proud to be a supporting partner for the 3rd Bloomberg ASEAN Business Summit.
Date: May 27th, 2016
Location: Le Meridien Hotel- Saigon River Room, 3c Ton Duc Thang Street, Ho Chi Minh City, Vietnam
The CanCham Vietnam – CABC Joint Seminar on Start-up Opportunities in Vietnam was conceived as an opportunity to provide a sector-specific event for CABC members, grow the CABC’s presence in Vietnam, inform a key ASEAN country regarding Canada's capability and experience in technology and finance, and deepen ties with the Canadian Chamber of Commerce Vietnam.The event exceeded expectations, including a sold out event, highly relevant participants, solid networking opportunities after the event in person and remotely, and a high quality and diverse international panel. There are expectations that this seminar may lead to policy support, extended Canadian presence in Vietnam in a strategic sector. It also solidified an already strong partnership with the Canadian Chamber of Commerce Vietnam, and an example of partnerships for additional events within ASEAN-AEC.
The event was organised around the themes of a practical context, innovation, and the Vietnam ecosystem and support required for startups. Antony Nezic (CanCham) introduced the seminar with open questions and discussion on the trends in finance, culture, and political economy, over the last 10 years that may influence, guide or impede startup company ecosystems.
Daniel Liebau from Lightbulb Capital (Singapore) explored innovation and the basic requirements for unlocking innovative societies & individuals. The diverse panel from every potential area of the start-up community– venture capital, angel investors, successful founders, new founders and incubator/ accelerators offered a unique perspective of the depth and breadth of the situation for startups and areas for future focus. Conclusions included an interest in future high quality and productive seminars, discussion, and support from CanCham, and for a participant such as RMIT, and Wesley Clover. One on one meetings were also organised, between investors and startups.
Date: May 24th, 2016
Location: McCarthy Tetrault Law Offices, Calgary, AB
To commemorate the launch of the CABC’s Canadian office, an Office Launch party was organized to host distinguished Provincial and Municipal political delegates and key business leaders.
The Canadian Office Launch was a great success. The representation and support received for the launch by the Provincial and Municipal Governments was very strong and greatly appreciated. Relationships were forged, and business development opportunities created, during the reception and networking portion of the evening. All in attendance left with an increased awareness and interest in ASEAN as a result of the launch.
The CABC looks forward to building on the momentum created and building a strong future in Canada.
I. Wayne Farmer; CABC President
Wayne provided a well-rounded introduction to the CABC, its history, and primary mission. Wayne also introduced the CABC’s upcoming Forum in Jakarta and spoke briefly on the overall benefits of CABC membership.
II. Jean Charest; CABC Honourary Chairman, McCarthy Partner – Video Recording
III. Jason Krips; Deputy Minister, Alberta Economic Development and Trade
Deputy Minister Krips focused on the importance of having a prominent trade council select Alberta as its inaugural Canadian office. He spoke to the importance of developing trade with South East Asia and the strength it will develop in the Alberta Economy as a result.
IV. Marie-Louis Hannan; First Dedicated Canadian Ambassador to ASEAN
Ambassador Hannan highlighted ASEAN’s strengths pertaining to it’s large untapped resources (people, materials etc.), stable economies, and significant growth potential for the region as a whole. Ambassador Hannan also focused on the importance of the region to Canada. Lastly, Ambassador Hannan strongly encouraged all to take action and consider ASEAN in future development or trade negotiations.
V. Mayor Naheed Nenshi; Calgary Mayor
In addition to DM Krips, Mayor Nenshi spoke to the importance of the First Nations Treaty 7 land that Calgary sits on. He spoke to the importance of this land geographically where two rivers meet and the resulting trade hub that Calgary has built a long and storied history on. Mayor Nenshi spoke to the importance to Calgary’s economy of diversifying in the current oil and gas downturn. He spoke to the importance of the CABC’s presence in Calgary and the support and commitment the City will make to work with the Council.
VI. Wayne Farmer – Closing Remarks
A special thanks to the evening’s sponsors
The CABC held it’s 2nd Annual Infrastructure Event on November 3rd at the Fairmont Jakarta, Indonesia. Over 30 attendees took part in this engaging and informative session, where our panel of private and public sector experts offered insights and advice for those engaging in infrastructure projects in Indonesia.
Wayne Farmer, CABC President, highlighted the strong turnout as a sign that the CABC is providing high-value events to members. He also thanked the Government of Canada and Export Development Canada (EDC) for their partnership and sponsorship of the event.
Mr. Tamba Hutapea, Deputy Chairman for Investment Planning, Indonesia Investment Coordinating Board (BKPM), provided a comprehensive overview of the National Medium-Term Development Plan for 2015-2019. The Plan includes:
Attendees then heard from a panel of experts, moderated by Chia Wan Liew, Chief Representative Southeast Asia, Export Development Canada, and CABC Secretary.
The event was followed by a productive first meeting between the boards of the Indonesian-Canada Chamber of Commerce (ICCC), and the Canada-ASEAN Business Council. Challenges, successes, and opportunities for future collaboration were discussed, with topics including the introduction of a federation of Canadian business chambers from the ASEAN region, and further partnership on key events.
For a link to the BKPM's presentation, please click here.
On October 27, 2015, the CABC welcomed the Honorable Jean Charest at the American Club in Singapore to share his thoughts following the October 19th Canadian Federal election.
The CABC hosted their 2015 AGM on October 27, 2015 in Singapore. The past year was a busy and successful one, here are the highlights.
Mr. Charest is one of Canada’s best know political figures and is currently a Partner at CABC member firm McCarthy Tétrault. Attendees included regional executives from leading Canadian companies and the High Commissioner of Canada to Singapore, Heather Grant.
Mr. Charest shared insights across a broad spectrum of topics. A selection of these is highlighted below:
On the outgoing government:
The 2006-2015 Conservative government, who were elected three times, competently managed the economy through the financial and economic crisis of 2008, reduced taxes, shrunk the federal government, pursued a more aggressive foreign policy.
On the election battle:
The longest campaign in recent history had Stephen Harper and Tom Mulclair as the two front-runners at the launch of the campaign. Trudeau went to the left of Mulcair by announcing that the Liberals would allow deficits spending while the NDP declared they would balance the budget. Trudeau won the battle against Mulcair on who was best positioned to defeat the government.
On the outlook for the next four years:
Canadians will have a stable majority government that should be able to deliver on their campaign promises. Some of the key areas to look for:.
The event saw CABC Vice-President Franca Ciambella, and Executive Director Dr. Shawn Watson meet with senior ABAC officials, including Chairman Tan Sri Dr. Mohn Munir bin Abdul Majid. The CABC gave an update on current activities, initiatives and programs, as well as belayed some of the top concerns expressed my CABC corporate members working within ASEAN. Many of these points of interest were echoed by ABAC representatives and both the CABC and ABAC agreed to work more closely to make sure the private sector’s voice is heard by ASEAN governments.
Canadian Minister of International Trade led the multi-sector five-day trade mission to Manila and Cebu. Delegates on the trade mission had the opportunity to interact with high-level Philippine public- and private-sector representatives and to participate in business meetings with potential partners.
Prominent members of the Canadian business community attended the May 18th event, including The Honourable Ed Fast, Former Minister of International Trade, Dean Connor, President & CEO of Sun Life Financial, and Stewart Beck, President & CEO of the Asia Pacific Foundation.
“It’s a pleasure to help welcome President Aquino to Canada,” said Mr. Connor. “Sun Life first entered the Philippines in 1895 and over the years has grown to become a strong and vibrant business – the country’s leading life insurance company.”
The roundtable provided the Canadian executives the opportunity to discuss trade and investment with the Philippines, a growing market that is a priority for Canada.
As Mr. Beck said following the discussion: “The Philippines is an important member of ASEAN, a dynamic and growing region with a GDP of almost $2.5 trillion that offers a wealth of opportunities for Canadian businesses."
Tractus Asia hosted a Mission to Myanmar for interested investors. Delegates had a chance to explore Myanmar and to meet with key representatives of the private and public sector to discuss a range of subjects, including ICT, extractive industries, electric power and security and defense.
CABC’s Private Consultation with Canadian Minister of International Trade – Bangkok, Thailand, March, 2015
Following a keynote address to a packed house at the Forum, the Minister carved out time from his schedule for a candid private discussion with the CABC. He listened intently as Council President Wayne Farmer walked him through our members’ business successes and failures in the region and outlined their ideas and concerns about Canada-ASEAN business ties. The Minster offered words of support and encouraged the CABC to both expand operations within ASEAN and to build our presence back in Canada – goals shared by the Council.
The Canadian Standing Senate Committee on Foreign Affairs and International Trade (SCFAIT), led by Senator Raynell Andreychuk, visited Singapore on February 25-27 after spending time in Jakarta. This was the largest-ever Senate delegation to visit Singapore and yet more evidence of the growing importance of ASEAN to Canada.
CABC: PPP-Infrastructure Opportunities in ASEAN
The CABC held its first ever PPP-infrastructure event on October 2nd at the Tower Club in Singapore. The forum offered attendees a wealth of information about the hundreds of planned or ongoing infrastructure projects across ASEAN and insights into how Canadian companies can take part.
Keynote speaker Sharad Somani, Head of Infrastructure & Project Finance for KPMG Asia Pacific, offered country overviews and addressed region-wide issues such as growth, financing and market opportunities. He told the forum ASEAN GDP is expected to expand 5%+ over the next five years. He added that the region will need $60 billion in annual infrastructure investment until 2022 to fulfil its needs and will require 500 GW in capacity by 2035, more than triple today’s 160 GW.
Attendees then heard from Canadian Trade Commissioners from the region. Dian Martosoebroto, visiting from Jakarta, outlined opportunities in Indonesia, citing some 367 planned projects worth up to US$440 billion. Airports are a major focus: Indonesia’s top 5% are running at over 100% capacity and the government plans 45 new airports by 2022. Singapore’s Anne Rouleau told attendees how the Trade Commission can contribute to the success of Canadian companies entering the Singaporean market though contacts, advice and other services. Find a Trade Commissioner.
The event wrapped up with a panel discussion moderated by Chia Wan Liew, Chief Representative for Southeast Asia at Export Development Canada. The panel included Philip Crotty, Head of the Asia Infrastructure Centre of Excellence, Rajesh Sharma, Regional Manager – Southeast Asia at Export Development Canada, as well as keynote speaker Mr. Somani. The panellists discussed the ease of doing business in various countries, future opportunities and current projects, political idiosyncrasies, financing and risk strategies and best practices.
The CABC is pleased to announce the third successful ASEAN Economic Ministers (AEM)-Canada Consultation held August 27, 2014 in Nay Pyi Taw, Myanmar. The consultation was Co-chaired by H.E. Dr. Kan Zaw, Union Minister for National Planning and Economic Development, Myanmar and Canada’s Minister of International Trade, The Honorable Ed Fast. CABC President, Mr. Wayne C. Farmer, attended the event and met with ASEAN, Canadian and American delegates within the public and private sectors.
During the discussions Canadian and ASEAN Ministers acknowledged the continued progress of the 2012-2015 Work Plan and the ASEAN-Canada Joint Declaration on Trade and Investment. Following on the heels of these successes, the Ministers agreed to task their top economists to start working on a 2016-2020 Canada-ASEAN work plan. During the program, the ASEAN Ministers thanked Canada for the AEM roadshow held June 1-5, 2014 that took the Ministers to both Vancouver and Toronto.
As part of the events, the Ministers also spoke with CABC President, Mr. Wayne Farmer, and applauded the Council for its recent successes and continued importance of the CABC within the Canada-ASEAN economic corridor. As part of the event, Mr. Farmer proposed a supply chain platform to support the development of small and medium enterprises in ASEAN. The Ministers acted upon the request and tasked their senior economic officials to explore the proposal and its possible implementation.
Mr. Farmer also attended the US-ASEAN Business Council’s annual business mission to the AEM and met with Alexander Feldman, President and CEO of the US- ASEAN Business Council. Both Wayne and Alexander spoke of increased cooperation between the US and Canada-ASEAN Business Councils. Similar to the Canadian consultation, the US Mission focused on SME development and support within ASEAN.
The CABC is pleased to announce another successful engagement with a high-level Canadian government official: The Honorable John Baird, Minister of Foreign Affairs. CABC President Wayne C. Farmer played a key role in the Ministerial visit to Singapore, highlighting the concerns and priorities of the CABC and of Canadian companies operating in ASEAN at a business roundtable discussion and outlining the Council’s mission and progress in a separate candid one-on-one with the Minister.
In his first order of business, the Minister sat down with Canadian corporate leaders and the CABC’s Mr. Farmer to discuss the business landscape in ASEAN at a roundtable discussion hosted by Canadian High Commissioner to Singapore Heather Grant. The well-attended discussion opened with comments from Mr. Farmer and included CABC members CAE, EDC, OpenText, Scotiabank, TD Bank and BlackBerry.
Later in the day, Minister Baird was the keynote speaker at an event hosted by the prestigious International Institute for Strategic Studies - Asia (IISS) at the Fullerton Hotel, part of the Fullerton Lecture Series. His address, titled “A Pacific Bridge: Next steps for Asia and Canada”, focused on Canadian foreign policy priorities in the region: promoting economics and trade alongside the Canadian values of pluralism, rule of law and freedom. In his speech, Minister Baird, a frequent visitor to Asia, reiterated that Canada-Asia relationships are relatively new and that their value remains largely untapped. He called for more effort on both sides of the Pacific to seize the compelling opportunities for greater political and economic co-operation that exist today.
The Minister’s visit coincided with a pair of major advances in efforts to bolster commercial and diplomatic ties between Canada and ASEAN:
Overall, the Ministerial visit was excellent news for the CABC, its members and its mission to maintain and grow the Canada-ASEAN commercial corridor.
Canada-ASEAN commercial relations made further strides in July when the Honourable Ed Fast, Minister of International Trade and Development, visited Manila on a trade mission that built on the momentum of this summer’s successful Canadian road show by ASEAN Economic Ministers and Prime Minister Harper’s recent visit with President Aquino.
During the visit, Canadian Ambassador to the Philippines, Neil Reeder, hosted a Minister Fast was also the featured speaker at a July 24th luncheon hosted by the Canadian Chamber of Commerce of the Philippines, Makati Business Club and the Management Association of the Philippines.
Mr. Farmer and CABC Vice President Ms. Franca Ciambella attended the luncheon, along with several CABC members, and were on hand when the Minister thanked the CABC for its contributions to furthering Canadian business interests. The Event included a roundtable luncheon with members of the Canadian community, the Canadian Chamber of Commerce Philippines, CABC President Mr. Wayne Farmer and CABC founding members CAE, ManuLife and Sun Life.
During the mission, Minister Fast said the substantial ethnic Filipino community in Canada (circa 800,000) made for strong foundations on which to build stronger Canada-Philippines ties. Other key points made by Minister Fast included:
The Philippines is making significant progress toward its economic and political goals and is a country of growing economic focus and interest for Canada and Canadian businesses.
These ties are set to deepen further with the inclusion of the Philippines as a key Development Partner and the establishment of a $10 million
Agribusiness development program funded by Canada. (Read More)
Upgrades to air links between Canada and the Philippines (Read More) announced by Minister of Transport Lisa Raitt in June were another critical advance in the relationship – and the first air services agreement with an ASEAN country. We are proud to announce that greater air connectivity between ASEAN and Canada was one of the policy recommendations in the CABC’s 2020 Vision Statement
Minister Fast also thanked the CABC for its contributions towards this summer’s road show in Vancouver and Toronto, and recognized the ongoing importance of the CABC in the development of Canada-ASEAN economic relations.
On June 2nd – 5th, 2014 the Ministry of International Trade hosted a delegation of ASEAN Economic Ministers and Senior Trade Officials who visited British Columbia and Ontario. The objective of the Canadian “Roadshow” was to showcase the growing economic and trade engagements between Canada and Southeast Asia, and to identify how this trade relationship can be enhanced. President Wayne Farmer and Vice-President Franca Ciambella represented the Canada-ASEAN Business Council (CABC). One of the highlights of the Toronto program was a capacity crowd business luncheon co-hosted by the CABC and the Asia- Pacific Foundation that attracted key executives of Canadian companies active in ASEAN.
Below an update on the week’s programming, roundtable discussions and key takeaways that our CABC Executives collected during the week. This was an extremely unique platform for Canada and the ASEAN Trade Delegation (with representatives from all 10 ASEAN nations) to mutually promote their businesses and regions, highlighting opportunities in their individual countries to each other.
Read the full AEM Update HERE.
British Columbia Premier Christy Clark and Deputy Premier Rich Coleman traveled to South-East Asia May 2-9. This trip solidified British Columbia's plans to develop more LNG trade agreements in Asia and to increase economic and cultural ties with priority Asian markets. The CABC assisted the mission by helping to organize a luncheon for the Premier in Singapore on May 7th. The invite only event featured a keynote speech from Christy Clark, on her vision for building on the Canadian province's relationship with the ASEAN region.
Below is an excerpt from the Singapore International Energy Week (SIEW) team. The piece comes in the form of a five Q&As interview write up featuring Christy Clark, and provides an in-depth insight into relevant bilateral issues. The article was developed by the SIEW team leading up to the 7th edition of the annual Singapore International Energy Week of which the CABC is a proud supporting organization.
SIEW 2014: 5Qs with Christy Clark, Premier, British Columbia, Canada
About Christy Clark
Christy Clark was sworn in for her second term as British Columbia’s 35th Premier on June 10, 2013 and was elected Westside-Kelowna MLA in a by-election on July 10, 2013.
Recognizing that British Columbia's prosperity depends on strong trading relationships, Premier Clark has led five previous Jobs and Trade Missions to the Asia-Pacific region. She and her team are committed to further strengthening British Columbia's place as Canada's Pacific Gateway through strong ties with governments, industry and institutions in the region.
In her new mandate, Premier Clark has continued her relentless focus on strengthening the British Columbia economy through fiscal responsibility and economic development. Under her leadership, the British Columbia government continues to balance its budget by controlling spending, earning continued Triple-A credit ratings. She is working to seize British Columbia's natural gas opportunity by offering Asia-Pacific countries a secure, stable source of cleaner energy.
1) Asia is a major consumer of energy and other natural resources. Against the backdrop of economies becoming increasingly interdependent, where do you see potential partnership opportunities between Canada and Asia on this front and what does "Building Energy Connections" mean to British Columbia?
It means an unprecedented opportunity to diversify our trade relationships, and play a major role in helping the growing economies of Asia meet their rising energy demands, while contributing to the fight against global warming.
Global demand for natural gas is expected to rise dramatically over the next 20 years – fuelled mostly by rapid economic growth in Asia. The rise in natural gas demand, particularly liquefied natural gas (LNG), will help countries in Asia move from coal or oil dependence to a clearer fossil fuel like natural gas. British Columbia won’t be the only supplier, but our LNG is going to play a major role.
2) British Columbia plans to put clean and alternative energy to the forefront as mentioned in your Energy Plan. How do you foster innovation in this sector to help us progress to a more sustainable energy future?
Clean energy producers play an important role in serving British Columbia’s electricity requirements, currently generating about 20 per cent of BC Hydro’s electricity supply.
Clean energy projects located throughout British Columbia use clean or renewable sources such as wind, water, biomass and waste heat. BC Hydro currently manages 82 electricity purchase agreements (EPAs) for clean energy projects in commercial operation, delivering more than 15,000 gigawatt hours per year.
For example, the AltaGas Forrest Kerr Project, a 195-megawatt run-of-river hydroelectric facility, will power a new transmission line opening this summer in our province’s northwest. It’s projected to attract up to $15 billion in mining investment and create up to 10,000 jobs.
There will be more clean energy projects in the years ahead. BC Hydro’s Integrated Resource Plan, a 20-year power plan for the future, includes a clean energy strategy that supports British Columbia’s long-term vision for clean energy.
3) The development of technology to allow access to unconventional resources has increased Canada’s supply projections significantly. How does this factor into British Columbia’s energy production?
It allows us to build on our strengths. For example, British Columbia has been safely extracting natural gas for decades. But shale gas prospects and the technology used to extract it have reshaped the exploration landscape, giving us access to a 150-year supply.
New methods and technology such as horizontal drilling combined with hydraulic fracturing have dramatically increased our potential, industry’s interest, and production.
4) In 2012 British Columbia announced new natural gas and LNG strategies. How do you see British Columbia’s LNG sector gaining momentum and what are your plans to develop this sector?
British Columbia’s energy potential is increasing alongside global demand. We have set a goal of having three LNG facilities in operation by 2020. This is within our reach.
Major players like PETRONAS and Shell are already planning ahead and moving towards final investment decisions. We hope to see at least one final investment decision by the end of this year, or early in the New Year. They’re moving forward because they recognize the scope of the opportunity here. That starts with British Columbia’s natural advantages, such as a shorter distance to market access with Asia, and a cool climate which means about 30 per cent less power to process LNG. They also recognize that British Columbia is a safe, reliable trading partner with a globally competitive foreign investment climate, a stable government with a triple-A credit rating, and a highly-skilled workforce.
5) British Columbia has many “greenfield” projects in contrast to LNG ventures in the Middle East and U.S. Gulf Coast where “brownfield” sites will be able to take advantage of existing infrastructure. What advantages does British Columbia provide, and what makes Canadian supply of energy attractive?
British Columbia has many advantages that make it an attractive place to do business. Our electricity rates are some of the lowest in North America, which lowers the cost of doing business and is obviously attractive to global investors. Commercial customers pay between the fourth and sixth lowest rates in the world, depending on the amount they use.
Existing infrastructure for some LNG projects could also be a component. For instance, the Woodfibre LNG project near the town of Squamish will be located on an existing pulp mill industrial site that closed in 2006. This “brownfield” site is well suited for a LNG facility. It has an existing gas pipeline, an electricity transmission line connected to the provincial BC Hydro transmission grid, an existing deep-water port – and is still zoned for industrial use.