“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

The Honourable Jim Carr, Minister of International Trade Diversification, will travel to Thailand from August 28 to 30, 2018, to promote the growing bilateral trade and investment relationship between Canada and Thailand. The Minister will then travel to Singapore to meet with government and business leaders as nations move closer to the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The Minister will conclude his visit by attending the 7th Association of Southeast Asian Nations (ASEAN) Economic Ministers-Canada Consultations.

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. Singapore is the current host of the rotating Chair of ASEAN. Thailand will assume the Chair in 2019.

Canada continues to ramp up its engagement across the entire Asia-Pacific region. Increased trade and investment—facilitated by the CPTPP, signed earlier this year and by other potential trade initiatives, such as ongoing exploratory discussions for a possible Canada-ASEAN free trade agreement—present enormous opportunities for Canadians to diversify markets, thereby creating more jobs for the middle class.

Source: Global Affairs Canada

Read the full news release here.