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VANCOUVER, BC – The economies of the Asia-Pacific region will grow by only 1.2% next year, less than half the growth the region experienced in 2007 and 2008. This sharp decline in output growth will be led by the United States, which is expected to experience an economic contraction in 2009 of around 0.5 percent.
East Asia is forecast to show real GDP growth of 3.4 percent in 2009, about...
November 19, 2008
VANCOUVER, BC – A survey of Asia-Pacific opinion-leaders released today shows overwhelming concern about the impact that the ongoing financial crisis is having on the region. The top three risks to growth in the Asia-Pacific cited by respondents were US recession, (83%), banking/financial sector crisis (78%) and a sharp fall in asset prices (69%).When asked about priorities for APEC Leaders...
November 19, 2008
VANCOUVER, BC – Economic integration in the Asia-Pacific has increased in the nearly 20 years since APEC’s formation in 1989, according to a new set of indicators developed by the Pacific Economic Cooperation Council (PECC). Using data from 17 member economies of APEC, the index provides a measure of economic integration for the region as a whole, as well as for individual economies.“As APEC...
November 19, 2008
Vancouver, BC – In August 2008, Ottawa signed on to the APEC Business Travel Card (ABTC) scheme, a frequent traveller program aimed at enhancing business mobility and economic integration in the Asia Pacific. The program should be built on top of the existing Canada-US NEXUS, says a report by the Asia Pacific Foundation of Canada.As a transitional member in the ABTC scheme, Canada has...
November 10, 2008
VANCOUVER, BC – The Canada-India relationship is entering a new era based on a wealth of human contacts, India’s economic ascent and the removal of the nuclear issue as a recurrent strategic impediment, according to a new report by the Asia Pacific Foundation of Canada. While a Strategic Partnership or a Free Trade Agreement, as suggested by some, is now unrealistic, it is time for rapidly...
October 29, 2008
VANCOUVER, BC – Canada is experiencing its worst labour shortage in over 30 years, but urgently needed temporary foreign workers face obstacles in obtaining approval to come to Canada because of conflicts between the three government agencies responsible for Canada’s immigration system, according to a report issued today by the Asia Pacific Foundation of Canada.The government bodies...
October 27, 2008
VANCOUVER, BC - Canada has emerged as a supporter of allowing India to join the nuclear club. The move by Ottawa to back a decision early this month by the Nuclear Suppliers Group (NSG) to exempt India from its rules barring nuclear dealings with countries that lack comprehensive international safeguards on their nuclear facilities represents a dramatic shift in Canadian policy, according to...
September 30, 2008
Vancouver, BC – The Government of Canada is taking steps to strengthen economic linkages between Western Canada and the Asia-Pacific region through investments that will support enhanced commercial and economic opportunities.The Honourable Rona Ambrose, President of the Queen’s Privy Council for Canada, Minister of Intergovernmental Affairs and Minister of Western Economic Diversification,...
September 03, 2008
VANCOUVER, BC – The Asia Pacific Foundation of Canada will be co-organizing an Asia Pacific Track at the Pacific Northwest Economic Region 18th Annual Summit. This Track is a series of high-level discussions devoted to examining current and emerging issues concerning Asia and the Pacific Northwest region of North America featuring six panel discussions on clean energy, supply chains, gateway...
July 21, 2008
VANCOUVER, BC - The Asia Pacific Foundation of Canada is pleased to announce the launch of The Gate Way – seven calligraphy artworks on the concept of a multifaceted Asia Pacific Gateway on Canada’s West Coast. Some of Vancouver’s most celebrated calligraphers have teamed up to produce this collection, which is based on the Chinese character for “gateway” or “door.” This unique collection was...
July 21, 2008
VANCOUVER, BC – The growing importance of Asia is a key theme at the Pacific Northwest Economic Region (PNWER) 18th Annual Summit in Vancouver to be held July 20-24. The Asia Pacific Foundation of Canada has co-organized a special Asia Pacific Track which includes six panel discussions with nearly twenty experts and practitioners dealing with transpacific issues that are of significance to the...
July 17, 2008
Vancouver, BC – Dr. John McArthur, Chairman of the Board of Directors, announced today a number of senior management appointments at the Asia Pacific Foundation of Canada.Current co-CEO Dr. Paul Evans completes his three-year secondment to the Foundation at the end of August and will return to the University of British Columbia and finish his book on Canada and global Asia. Effective 1 September...
July 17, 2008
VANCOUVER, BC – Inflation in Asia Pacific is set to rise sharply this year in the face of increased oil and commodity prices. Headline consumer prices will increase this year by 3.6% compared with a 2.7% increase in 2007. The aggregate numbers mask much sharper price spikes in certain Asian economies. China, for example, will see an increase in the CPI of about 6.0% for 2008 as a whole, with year...
May 29, 2008
VANCOUVER, BC – May 29, 2008 – Fragmented programs for securing Canada’s Asia-Pacific Gateway and Corridor must be pulled together into a coherent security strategy to deal with increasingly complex and dynamic threats, according to Margaret Purdy, a long-time senior official in Canada’s security, policing and intelligence community. While there are many security programs in place, most are...
May 29, 2008
VANCOUVER, BC – April 24, 2008 – Canadians see an important role for China in Canada’s future, even as a potential partner in a trade treaty, though they are increasingly worried about its human rights record, rising military power, and product safety. These are among the findings of a nationwide survey released today by the Asia Pacific Foundation of Canada.Some 59% of respondents believe China...
April 24, 2008
VANCOUVER, BC – April 24, 2008 – Canadians appear to be growing wary of the impacts of globalization. While they still support Canada being open to the inflow of foreign products, capital and people, they are less supportive than they were two years ago. In a national opinion poll released today by the Asia Pacific Foundation of Canada, an overwhelming 71% said they thought Canadian industries...
April 24, 2008
VANCOUVER, BC – Canada is one of the least open developed countries for foreign capital investment, yet it is moving to tighten the rules even more, warns a new report today released by the Asia Pacific Foundation of Canada.“This sends the wrong signal at a time when Canada needs injections of capital to carry out the structural reforms required to ensure that it remains competitive in the...
April 18, 2008
VANCOUVER, BC – The Honourable Maxime Bernier, Minister of Foreign Affairs, today announced the appointment of Robert Bedeski to the Board of Directors of the Asia Pacific Foundation of Canada.“I am pleased to welcome Prof. Bedeski to the Foundation’s board,” said Minister Bernier. “He has extensive experience in Asian issues, and is a renowned author and lecturer on...
April 15, 2008
VANCOUVER, BC – The Asia Pacific Foundation of Canada today announced the recipients of its 2008 Media Fellowship program that offers established Canadian journalists, in any media channel, the opportunity to spend time in Asia researching and preparing stories and programs.The Foundation awarded four grants this year of $10,000. The Media Fellowships are part of the new Asia Pacific Foundation...
March 31, 2008
VANCOUVER, BC – Canada’s Asia Pacific Gateway should adopt environmentally sustainable practices as a competitive advantage, the latest report in the Canada-Asia Commentary series argues. The report calls for leadership by the private sector in integrating sustainability into management practices and building partnerships with governments and stakeholders. Benchmarking performance indicators for...
March 11, 2008
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