Minister Fast Highlights Benefits of Deeper Canada-ASEAN Ties in Speech to Business Leaders in Brunei

Minister highlights the fact Canada is best country in the G-20 in which to do business

August 21, 2013 - Bandar Seri Begawan, Brunei - The Honourable Ed Fast, Minister of International Trade, today delivers an address to public- and private-sector thought leaders on the importance of further deepening Canada-ASEAN trade and investment ties while leveraging the advantages of education, technology and innovation.

The remarks were made at the ASEAN Business and Investment Summit, which is supported by the Government of Canada and held on the margins of the ASEAN Economic Ministers Meeting on August 20 and 21.

During his remarks, Minister Fast pointed out that Canada has been named the best country in the G-20 in which to do business, has the soundest banking system in the world, and has the lowest corporate income-tax rate among G-7 countries.

In research and innovation, Canada offers world-leading R & D infrastructure, innovation incentives and scientific talent, including one of the most generous R & D tax-incentive programs in the industrialized world.

Minister Fast also mentioned that Canada is one of the world’s top educational performers, with Canadian students consistently ranking among the best in the world in reading, mathematics and science. Furthermore, 22 Canadian universities are in the top 500 of Shanghai Jiao Tong University’s Academic Ranking of World Universities.

For more than 35 years, the ASEAN-Canada relationship has expanded and deepened. Recently, Canada has taken significant steps to bring the ASEAN-Canada economic relationship to its full potential.

Minister Fast is visiting Brunei from August 20 to 23, 2013, to participate in ASEAN and Trans-Pacific Partnership ministerial meetings.

For more information, please see Minister Fast Visits Brunei.

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For further information, media representatives may contact:

Rudy Husny
Press Secretary
Office of the Honourable Ed Fast
Minister of International Trade

Media Relations Office
Foreign Affairs, Trade and Development Canada
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