Regional Trade and Investment Linkages
Canada recognizes the enormous potential economic opportunities in growing and emerging markets, including Southeast Asia. Bilateral merchandise trade has increased more than 17% over the last five years (2013 figures). As a group, the Association of Southeast Asian Nations (ASEAN) ranks as Canada’s seventh largest merchandise trade partner.
ASEAN countries figure prominently in the Government of Canada’s Global Markets Action Plan. ASEAN sees Canada as a major source of investment, agri-foods and important energy resources vital to sustain ASEAN’s economic growth. Both ASEAN and Canada have agreed to the Joint Declaration on Trade and Investment, which provides opportunities to strengthen bilateral and multilateral cooperation in promoting the flow of trade and investment, and periodically hold senior economic official’s meetings.
The ASEAN-Canada Enhanced Partnership established in July 2009, seeks to enhance economic relations, promote investment, coordinate with existing multilaterals and develop a mechanism for the regular exchange of information on trade and investment.
In August 2012, the Honourable Ed Fast, Minister of International Trade, announced the creation of the Canada-ASEAN Business Council (CABC), which focuses on increasing private-sector cooperation between Canadian and ASEAN businesses and create a platform for businesses to discuss challenges and opportunities.
Left: Minister Fast and visiting ASEAN ministers shake hands
Right: Donald Bobiash, Canada’s ambassador to ASEAN and Indonesia, and Susan Gregson, Assistant Deputy Minister, Asia-Pacific, host ASEAN ministers at the CN Tower
The Trade Commissioner Service and ASEAN Member Countries
Click on a country for more information.
* Also known as Myanmar
- 2012-2015 ASEAN-Canada Workplan
- A Joint Declaration Between ASEAN and Canada on Trade and Investment
- ASEAN Aerospace Market Profile
- ASEAN Information and Communication Technology (ICT) Market Profile
- ASEAN Infrastructure Market Profile
- ASEAN Opportunities: Region Holds Promise for Canadian Companies
- Canadian ASEAN Business Council
- Events in ASEAN
- Prepare for the Unpredictable: How to Make it in ASEAN
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