On September 9, 2019, CABC launched the 2019 Canada-ASEAN Business Survey Report. The research report is a collaboration with the University of British Columbia (UBC), with the support of the International Development Research Centre (IDRC).
Some of the key findings:
• Over nine out of ten respondents see the ASEAN region as offering more economic opportunity than other regions of the world. This is driven primarily by the strong fundamental economic growth in the region, as well as the favourable demographics and rise of the middle-class consumers.
• In 2016, respondents reported significant optimism about the potential for further economic integration, both within the region and to other regions. This remains true in 2019.
• Of the multiple integration initiatives, a Canada-ASEAN Free Trade Agreement (CAFTA) was perceived as having the greatest potential positive impact. This was followed by the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP).
• A large majority of respondents support a CAFTA being pursued as a high regional and economic priority for the Canadian government. Support was strongest among SMEs.
Download the full report here.