Minister Fast Welcomes Japan’s Prime Minister
September 23, 2013 - Ottawa - The Honourable Ed Fast, Minister of International Trade, greets Shinzō Abe, Prime Minister of Japan, upon his arrival in Ottawa today. Canada and Japan are set to discuss ongoing progress in the negotiations toward a Canada-Japan economic partnership agreement (EPA).
A joint study on the possibility of a Canada-Japan EPA found that such an agreement could translate into GDP gains of $3.8 billion a year for Canada, which is equivalent to almost 25,000 new jobs or a boost of $325 to the average Canadian family’s annual income. The study also found that an agreement could increase Canada’s exports to Japan by as much as 67 percent. An agreement is expected to strengthen bilateral trade opportunities in many areas, including agri-food products, fish and seafood, and natural resources.
As a priority market under the Harper government’s Global Commerce Strategy, Japan is the world’s third-largest national economy and Canada’s fourth-largest merchandise export market. In 2012, total Canadian exports to Japan reached nearly $10.4 billion. With almost $17.5 billion invested in Canada in 2012, Japan is Canada’s largest Asian source of job-creating investment.
For further information, media representatives may contact:
Office of the Honourable Ed Fast
Minister of International Trade
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