Vancouver, BC – November 27, 2013 – The Asia Pacific Foundation of Canada (APF Canada) announced it support today for the Canadian federal government’s new international trade plan. The plan, entitled Global Markets Action Plan: The Blueprint for Creating Jobs and Opportunities for Canadians Through Trade, was released today by The Honourable Ed Fast, Minister of International Trade, during a keynote speech to the Economic Club of Canada in Ottawa.
Mr. Yuen Pau Woo, President and CEO of APF Canada, said: “The Global Markets Action Plan is a commendable strategy for Canada as it seeks to improve its business and trade ties amidst an increasingly competitive global economic climate. It is particularly encouraging that the Plan emphasizes the importance of emerging markets, both in the Asia-Pacific region and elsewhere, as well as established ones. We look forward to supporting the Plan’s efforts to increase the opportunities for Canadian businesses abroad.”
The Global Markets Action Plan was created with input from Canada’s business community, including an advisory panel of high-level experts. The Plan focuses on markets that hold the greatest promise for Canadian businesses. These include emerging markets with broad Canadian interests, such as China, Hong Kong and India; emerging markets with specific opportunities for Canadian businesses, such as Brunei, Burma and Mongolia; and established markets with broad Canadian interests, such as Australia, Japan and New Zealand. In addition to these countries in the Asia-Pacific, the Plan identifies several countries in each category from other regions worldwide.
The Plan includes a new trade promotion plan using a strategy of “Economic Diplomacy,” which will see Canadian diplomatic assets marshaled on behalf of the private sector. It also contains a renewed focus on pro-trade and investment initiatives, including free trade agreements, foreign investment promotion and protection agreements, World Trade Organization agreements, Double Taxation Agreements, air transport agreements, and science and technology agreements. The final cornerstone of the Plan is a series of 3-year market access plans for each priority market.
To view the full plan, click here.
- 30 –
About the Asia Pacific Foundation of Canada
The Asia Pacific Foundation of Canada is an independent resource for Canadians on contemporary Asia and Canada-Asia relations. As a national not-for-profit organization established by an Act of Parliament in 1984, the Foundation brings people and knowledge together to provide the most current and comprehensive research, analysis and information on Asia and on Canada’s transpacific relations. Visit APF Canada at www.asiapacific.ca.
To arrange interviews or for more information, please contact:
Asia Pacific Foundation of Canada