Exporters rejoice as Canada launches ASEAN trade negotiations

Published Nov 26, 2021

Tridge summary

Canada’s export-oriented agriculture organizations were quick to cheer Canada’s announcement of trade deal negotiations with the Association of South East Asian Nations trading bloc. “As a market of over 640 million people with a (gross domestic product) of $3.6 trillion, Canadian agri-food exporters see huge potential in the fast growing and dynamic ASEAN countries,” said Dan Darling, president of the Canadian Agri-Food Trade Alliance after the Nov. 17 announcement.

Original content

Cereals Canada chief executive officer Dean Dias said the region is already important for Canadian agricultural exports. “With this agreement we expect to strengthen our ties with customers in Southeast Asia while meeting the rising demand for staple food products in this dynamic fast-growing region,” said Dias in a statement. The ASEAN includes most major economies in the region. Its members are Indonesia, Malaysia, the Philippines, Singapore, Vietnam, Thailand, Brunei, Cambodia, Myanmar and Laos. It formed in 1967 as an effort to bring that region’s nations together in a broad range of areas including trade. Since then it has grown in both membership and economic importance as Southeast Asia has become one of the world’s main growth engines. Large amounts of Canadian crops are exported to the members and Canada hopes to see that expand with a hoped-for deal in place. “The commercial relationship between Canada and ASEAN has significant potential for growth,” said International ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.