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think-tank on Canada's relations with Asia
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Has Canada Missed the Boat on Asia?
Bing Xiang, Dean of the Cheung Kong Graduate School of Business discusses the opportunities for Candian companies engaed in Asia to take advantage of the region’s growing economic importance.
50% of the trade through the Port of Halifax is with Southeast Asia...Really?
Karen Oldfield, President and CEO of the Halifax Port Authority, discusses the recent growth of trade with Asia flowing through the Atlantic port.
EDC Views on Market Development in Asia
Export Development Canada (EDC) Chief Economist Peter Hall talks to the Asia Pacific Foundation of Canada about opportunities for Canadian enterprises to take advantage of market opportunities in
25@25 entry: Riding the Green Leap Forward
Garwa Kong and his friend argue that Canada’s future engagement with Asia should be characterized by facilitating the development and exchange of green technologies.
Louise Frechette: Prospects for the Nuclear Energy Industry
Louise Frechette, former Deputy Secretary-General of the United Nations, discusses the prospects for nuclear energy, and Canada’s nuclear industry with the Asia Pacific Foundation of Canada.
John C. Tsang: What Canada Can Offer Asia
Hong Kong Financial Secretary John Chun Wah Tsang visits the Asia Pacific Foundation of Canada, and talks about the various products and services Canada can offer Asian buyers.
BC in the Global Services Economy: New Policies for a New Era
Published: December 18, 2008 in Canada-Asia Agenda (3 pages)
Abstract
Exports of services products hold the key to British Columbia’s prosperity in the coming decades, but it requires business and government to set out the long-term vision and put in place the progra
Canada's Bilateral Trade with Asia Pacific, Latest Year-to-Date
In the first nine months of 2011, Canada’s trade with the 17 major economies in Asia increased 13.4% over the same period in 2010.
Canada's Bilateral Trade with Asia Pacific, Year-on-Year Changes
Canada generally runs large merchandise trade deficits with Asia Pacific. A regional trade deficit is not necessarily problematic, however, as we continue to run healthy bilateral surpluses with other trading partners and our current account remains positive. In 2010, both imports and exports increased – by 9.8% and 12.7%, respectively. Australia, Bangladesh, India and Singapore are the only economies that had a decline in exports, -2.3%, -5.2%, -1.7% and -20.8% respectively, in 2010. Our imports to Asia Pacific in 2010 - with the exception of Australia, Malaysia, New Zealand and Singapore - increased in 2010.
| Canada’s Bilateral Trade with Asia Pacific, Year-on-Year Changes (%) | ||||||
| 2008 | 2009 | 2010 | ||||
| Exports | Imports | Exports | Imports | Exports | Imports | |
| Australia | 22.98 | -7.35 | -16.68 | -1.55 | -2.35 | -0.58 |
| Bangladesh | -22.00 | 19.65 | 118.33 | 24.56 | -5.24 | 3.31 |
| China | 11.85 | 11.27 | 8.41 | -7.00 | 17.64 | 11.98 |
| Hong Kong, SAR | 19.24 | -12.61 | -14.97 | -21.83 | 28.50 | 1.69 |
| India | 35.76 | 11.20 | -12.15 | -9.08 | -1.74 | 6.00 |
| Indonesia | 48.68 | 8.63 | -34.05 | -6.55 | 8.66 | 24.74 |
| Japan | 21.79 | -1.10 | -25.90 | -19.28 | 12.23 | 8.45 |
| Malaysia | 46.81 | 0.31 | -27.71 | -20.93 | 29.35 | -1.68 |
| New Zealand | 15.04 | -5.99 | -37.36 | -5.25 | 10.70 | -1.56 |
| Pakistan | 21.56 | 1.17 | -26.04 | -1.28 | 34.56 | 11.79 |
| Philippines | 22.42 | 7.37 | -2.27 | -10.58 | 30.61 | 20.80 |
| Singapore | -4.38 | -16.33 | 22.25 | -8.61 | -20.87 | -1.01 |
| South Korea | 28.89 | 11.98 | -11.59 | -1.42 | 10.00 | 3.58 |
| Sri Lanka | 59.08 | 7.41 | -15.08 | -3.24 | 4.22 | 10.29 |
| Taiwan | 1.64 | 1.93 | -29.98 | -15.80 | 17.48 | 19.19 |
| Thailand | 22.05 | 7.66 | -22.60 | -7.11 | 20.65 | 4.66 |
| Vietnam | 8.96 | 25.76 | -31.03 | 10.48 | 20.42 | 11.21 |
| Total | 19.64 | 6.74 | -11.89 | -9.37 | 12.70 | 9.81 |
Source: Trade Data Online. Industry Canada. 12 March 2011. www.ic.gc.ca/eic/site/tdo-dcd.nsf/eng/home
Reproduced with the permission of the Minister of Public Works and Government Services.