Toronto, ON - June 11, 2014 - Mr. Yuen Pau Woo, President and CEO of the Asia Pacific Foundation of Canada (APF Canada), today delivered a speech to the Canadian Club of Toronto on "Canada-Asia Relations: Now for the Hard Part."
Mr. Woo's speech focused on the substantial changes to the global economy and balance of power since the 2008 recession, and in particular, how China and India have since assumed a new role as major global powers. Mr. Woo noted that Canadian exports to China between 2008 and 2013 doubled, while Canadian exports to the US have not yet recovered to their pre-2008 levels. At the same time, Canada's market share in China remains at just one percent, indicating that Canada has much catching up to do in Asia.
Mr. Woo addressed findings of the 2014 National Opinion Poll: Canadian Views on Asia, released yesterday, that show that Canadian support for closer economic ties with Asia are declining. The poll also showed that Canadians prefer to build ties with traditional allies rather than with emerging powers, both in Asia and elsewhere. Mr. Woo concluded that more must be done to build a Canadian national consensus on Asia, and to increase Asia awareness and the Asia knowledge, skills, and experience of Canadians so that they can better take advantage of opportunities arising out of Asia.
In his speech, Mr. Woo announced the creation of the Asia Pacific Foundation of Canada's Toronto Asia Advisory Group, which has been established to assist APF Canada's Toronto Office to design and deliver programs that will reflect the needs of Ontarians. The members of the Toronto Asia Advisory Group are Lisa De Wilde, CEO, TVOntario; Hugh MacKinnon, Chair and CEO, Bennett Jones LLP; Tetsuo Komuro, President and CEO, MitsuiCanada; Sriram Iyer, President and CEO, ICICI Bank Canada; Lisa Baiton, Vice President, Global Public Affairs, Canada Pension Plan Investment Board; Ed Legzdins, Senior Vice President and Managing Director, International, BMO Financial Group; Mario Richard, Senior Vice President & Investment Strategist, Institutional Markets, Fiera Capital; David Whyte, Vice President, Public Affairs, Sun Life Financial; and Kasi Rao, Vice-President, Asia Pacific Foundation of Canada, Toronto Office and Secretary to the Toronto Asia Advisory Group.
To read the full speech, click here.
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About the Asia Pacific Foundation of Canada
The Asia Pacific Foundation of Canada (APF Canada) has been a leader in research and analysis on Canada’s relations with Asia for thirty years. Our mission is to develop ideas for action by Canadian businesses, governments, and individuals to help them seize the vast opportunities unfolding in Asia. We do this by offering clear, specific, and actionable policy advice and leadership based on sound research and analysis. APF Canada’s current thematic priorities include trade and investment, energy and the environment, and international education. Engaged in research and convening, APF Canada has developed strong ties with policy-makers, business leaders, academics, and opinion makers in Canada and throughout the Asia Pacific region. Visit APF Canada at www.asiapacific.ca
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Asia Pacific Foundation of Canada