(Minister of International Trade)
The Honourable Peter Van Loan, Minister of International Trade, today [Monday] reaffirmed Canada’s commitment to strengthen trade and economic cooperation with the Asia-Pacific region before wrapping up his trade visit to Japan.
While in Japan, Minister Van Loan attended the Asia-Pacific Economic Cooperation (APEC) Meeting of Ministers Responsible for Trade in Sapporo, where he held a number of bilateral meetings with counterparts from APEC member economies.
“The Asia-Pacific region is a priority for Canada,” said Minister Van Loan. “We are committed to APEC and will continue to work with our partners to promote economic growth, cooperation, trade and investment across the region.” Minister Van Loan stressed Canada’s support for economic integration in the Asia-Pacific region, including working toward a free trade area of the Asia-Pacific as a long-term objective. Minister Van Loan told his APEC counterparts that Canada, as host of the upcoming G-20 summit, will focus on restoring the health of the global economy and laying the foundation for future sustainable and balanced growth.
“Free trade and investment are vital to recovery from the global economic downturn,” said the Minister. “When Canada hosts the G-8 and G-20 summits later this month, we will be telling the world that partnerships, not protectionism, hold the key to global economic recovery.”
On the margins of the APEC meeting, Minister Van Loan continued to engage with Trans-Pacific Partnership members to assess how Canada might add value to the negotiations. Read more here.
Showing posts with label APEC. Show all posts
Showing posts with label APEC. Show all posts
Tuesday, June 8, 2010
Thursday, March 18, 2010
Trans-Pacific Trade Talks Kick Off in Australia
(Bridges Weekly)
Negotiations toward a deal to open up trade among eight countries along the Pacific Rim got going in Melbourne, Australia on Monday. Expectations are high as some observers predict that the resulting deal, dubbed the Trans-Pacific Partnership Agreement, could be the foundation of a free trade area that eventually spans the entire Pacific region.
In the near term, however, delegates involved in this week’s TPP negotiations are hoping to build on the existing ‘P-4’ free trade deal, which governs economic relations among four countries in the region: Brunei, Chile, New Zealand and Singapore. This week, those countries are joined by Australia, Peru, the United States and Vietnam, all of which are hoping to sign on to an expanded trade pact. Other countries in the region, including China, Japan, South Korea, and some Southeast Asian nations, may also be looking to join the negotiation soon. Proponents say that a solid TPP deal could help the 21 country members of the Asia Pacific Economic Cooperation (APEC) group achieve their goal of establishing a free trade zone across the entire region. Read more here.
Negotiations toward a deal to open up trade among eight countries along the Pacific Rim got going in Melbourne, Australia on Monday. Expectations are high as some observers predict that the resulting deal, dubbed the Trans-Pacific Partnership Agreement, could be the foundation of a free trade area that eventually spans the entire Pacific region.
In the near term, however, delegates involved in this week’s TPP negotiations are hoping to build on the existing ‘P-4’ free trade deal, which governs economic relations among four countries in the region: Brunei, Chile, New Zealand and Singapore. This week, those countries are joined by Australia, Peru, the United States and Vietnam, all of which are hoping to sign on to an expanded trade pact. Other countries in the region, including China, Japan, South Korea, and some Southeast Asian nations, may also be looking to join the negotiation soon. Proponents say that a solid TPP deal could help the 21 country members of the Asia Pacific Economic Cooperation (APEC) group achieve their goal of establishing a free trade zone across the entire region. Read more here.
Friday, November 21, 2008
Minister Day Highlights Successful Visit to Latin America
(FAITC)
The Honourable Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway, today highlighted a successful foreign visit, his first in his new portfolio.
“We have had a full schedule, and have accomplished a great deal in a short time,” said Minister Day, following the conclusion of the 20th annual Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting.
Minister Day travelled to São Paulo, Brazil, on November 17 and 18 before travelling to Lima, Peru, on November 19 to attend the APEC meeting.
While in Brazil, Minister Day and Sergio Machado Rezende, Brazil’s Minister of Science and Technology, signed the Canada-Brazil Agreement on Science, Technology and Innovation Cooperation. Minister Day also witnessed the signing of an agreement between Canadian Light Source Inc. and the Brazilian Association of Synchrotron Light Technology, operator of the Brazilian Synchrotron Light Laboratory. The agreement will benefit both countries by developing one of the most valuable scientific tools for the investigation of new materials, biomedical samples, and biological and chemical processes.
At the APEC Ministerial Meeting, Minister Day underlined the importance of liberalizing and encouraging trade and investment, as set out in the Meeting’s agenda. Along with this program, Canada is also fully supportive of further reducing “behind-the-border” barriers.
Minister Day also addressed Canadian business leaders during his trip and underscored the importance of international cooperation during difficult economic times.
While in Peru, Minister Day is meeting with several of his counterparts, including those from the United States, Mexico, Australia, South Korea and New Zealand, to reiterate the importance of bilateral cooperation, as well as open trade and investment. He is also meeting with Peruvian Trade Minister Mercedes Aráoz Fernández to discuss next steps for the Canada-Peru Free Trade Agreement, as well as other issues, such as corporate social responsibility.
“Canada is a major player in the international extractive sector, and our companies have significant investments and operations in many regions around the world, including Peru,” said Minister Day. “Canadian companies realize that a commitment to corporate social responsibility is a commitment to their own success.”
APEC, which has 21 members, is the most important forum for economic cooperation in the Asia-Pacific region. Its members account for 54% of world GDP, 41% of world population and 42% of global merchandise trade. It brings together four of Canada’s top five trading partners, from both sides of the Pacific, and works to facilitate trade and investment in the region.
The Honourable Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway, today highlighted a successful foreign visit, his first in his new portfolio.
“We have had a full schedule, and have accomplished a great deal in a short time,” said Minister Day, following the conclusion of the 20th annual Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting.
Minister Day travelled to São Paulo, Brazil, on November 17 and 18 before travelling to Lima, Peru, on November 19 to attend the APEC meeting.
While in Brazil, Minister Day and Sergio Machado Rezende, Brazil’s Minister of Science and Technology, signed the Canada-Brazil Agreement on Science, Technology and Innovation Cooperation. Minister Day also witnessed the signing of an agreement between Canadian Light Source Inc. and the Brazilian Association of Synchrotron Light Technology, operator of the Brazilian Synchrotron Light Laboratory. The agreement will benefit both countries by developing one of the most valuable scientific tools for the investigation of new materials, biomedical samples, and biological and chemical processes.
At the APEC Ministerial Meeting, Minister Day underlined the importance of liberalizing and encouraging trade and investment, as set out in the Meeting’s agenda. Along with this program, Canada is also fully supportive of further reducing “behind-the-border” barriers.
Minister Day also addressed Canadian business leaders during his trip and underscored the importance of international cooperation during difficult economic times.
While in Peru, Minister Day is meeting with several of his counterparts, including those from the United States, Mexico, Australia, South Korea and New Zealand, to reiterate the importance of bilateral cooperation, as well as open trade and investment. He is also meeting with Peruvian Trade Minister Mercedes Aráoz Fernández to discuss next steps for the Canada-Peru Free Trade Agreement, as well as other issues, such as corporate social responsibility.
“Canada is a major player in the international extractive sector, and our companies have significant investments and operations in many regions around the world, including Peru,” said Minister Day. “Canadian companies realize that a commitment to corporate social responsibility is a commitment to their own success.”
APEC, which has 21 members, is the most important forum for economic cooperation in the Asia-Pacific region. Its members account for 54% of world GDP, 41% of world population and 42% of global merchandise trade. It brings together four of Canada’s top five trading partners, from both sides of the Pacific, and works to facilitate trade and investment in the region.
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