Canadian Minister of International Trade Ed Fast on August 20underscored the role of the Canada-ASEAN Business Community (CABC) infostering bilateral trade and investment.
Attending thesecond ASEAN-Canada Economic Ministers’ Meeting and the 10th ASEANBusiness and Investment Summit on the fringe of the 45 th ASEANEconomic Ministers’ Meeting in Bandar Seri Begawan, Brunei betweenAugust 20-23, Minister Ed Fast said ASEAN member nations are offeringCanadian companies big chances to boost exports.
The CABC isworking with the State and private sectors to define opportunties andhelp Canadian firms do business in the bloc, he added.
Theminister also mentioned his Government’s efforts to support domesticbusinesses’ operations in Southeast Asia, including the opening of a newtrade office in Myanmar.
The embassies and consulatesof Canada in ASEAN member states are willing to provide new andin-depth specialist reports as well as valuable information about theASEAN markets in various realms, he said.
ASEAN is now theseventh largest trade partner of Canada, with its exports to theregion hitting 5 billion USD last year, up 15 percent from 2010.
Canada mainly exported fertilisers, machinery, cereal, paper pulp and electronic equipment to ASEAN countries.
Meanwhile, ASEAN shipped machinery, rubber and electronic devices worth 10.8 billion USD to the American nation.
More importantly, Canada ’s investment in the region reached 7.7billion USD in 2011, 2.7 billion USD higher than the figure it poured inboth China and India.
Established on August 31, 2012,the CABC works to create a forum for Canadian and ASEAN businesses todiscuss challenges and opportunities ahead, thus bringing bilateralrelations to a new height.-VNA
Attending thesecond ASEAN-Canada Economic Ministers’ Meeting and the 10th ASEANBusiness and Investment Summit on the fringe of the 45 th ASEANEconomic Ministers’ Meeting in Bandar Seri Begawan, Brunei betweenAugust 20-23, Minister Ed Fast said ASEAN member nations are offeringCanadian companies big chances to boost exports.
The CABC isworking with the State and private sectors to define opportunties andhelp Canadian firms do business in the bloc, he added.
Theminister also mentioned his Government’s efforts to support domesticbusinesses’ operations in Southeast Asia, including the opening of a newtrade office in Myanmar.
The embassies and consulatesof Canada in ASEAN member states are willing to provide new andin-depth specialist reports as well as valuable information about theASEAN markets in various realms, he said.
ASEAN is now theseventh largest trade partner of Canada, with its exports to theregion hitting 5 billion USD last year, up 15 percent from 2010.
Canada mainly exported fertilisers, machinery, cereal, paper pulp and electronic equipment to ASEAN countries.
Meanwhile, ASEAN shipped machinery, rubber and electronic devices worth 10.8 billion USD to the American nation.
More importantly, Canada ’s investment in the region reached 7.7billion USD in 2011, 2.7 billion USD higher than the figure it poured inboth China and India.
Established on August 31, 2012,the CABC works to create a forum for Canadian and ASEAN businesses todiscuss challenges and opportunities ahead, thus bringing bilateralrelations to a new height.-VNA
