Canada-Asia News Service
A daily summary of Canada-Asia business and government news including top headlines from the region. Following a story? Search the archives.
Canada, Republic of Korea Conclude Negotiations for Bilateral Free Trade Agreement
Prime Minister Stephen Harper announced that Canada and the Republic of Korea have concluded negotiations for a bilateral free trade agreement that will boost trade and investment ties between the two countries. The agreement eliminates tariffs and reduces non-tariff measures that hinder market access for Canadian exporters and investors in Korea. Once the agreement is fully implemented, Korea will remove duties on 98.2 per cent of its tariff lines. Korea is Canada's seventh-largest merchandise trading partner and its third-largest in Asia, after China and Japan.
TMX Group to Open Singapore Office
Toronto-based TMX Group announced plans to open an office in Singapore, subject to regulatory approval. The new office, scheduled to open in 2014, will focus initially on establishing business relationships and exploring new opportunities for the Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchanges in the Asia-Pacific region. TMX Group owns and operates stock exchanges with its subsidiaries operating cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy.
Moimstone Enters Licence Agreement Over VoIP Products Sold in South Korea
Vancouver-based Moimstone Corporation announced it has entered into a licence agreement for certain protocols incorporated into its voice over internet protocol (VoIP) products sold in South Korea. The agreements include both historical and future uses of the technology. Moimstone Corporation is a technology company principally engaged in the design, development, marketing, and sale of communications equipment and software.
Prime Minister Harper Travels to Korea from March 9 to 11
Prime Minister Stephen Harper is travelling to the Republic of Korea from March 9-11, 2014. He is accompanied by Ed Fast, Minister of International Trade, and James Moore, Minister of Industry. While in Korea, the Prime Minister will meet with his counterpart, Park Geun-hye, President of the Republic of Korea. The leaders will discuss ways to increase trade and investment in order to further strengthen bilateral relations.
Alberta Government Leads Energy and Environmental Technology Trade Mission to China
A trade mission led by Cal Dallas, Minister of International and Intergovernmental Relations for the Government of Alberta, will support eight Alberta exhibitors in Beijing at the China International Petroleum & Petrochemical Technology and Equipment Exhibition and 10 delegates showcasing technologies, products and services at Alberta-China Environmental Technology Workshops in Chengdu and Harbin, China, March 11-21.