The International Trade Council acknowledges Canada's Prime Minister, Justin Trudeau's announcement regarding the expectation to finalize a free trade agreement with the Association of Southeast Asian Nations (ASEAN). This development follows the formal launch of the Canada-ASEAN strategic partnership, which was a focal point of discussion during the ASEAN-Canada summit held in Jakarta.
Prime Minister Trudeau highlighted the significance of transparency and adherence to international rules as crucial factors for achieving economic growth and cooperation between Canada and ASEAN member states.
The Canada-ASEAN strategic partnership holds the potential to foster closer economic ties and promote trade between Canada and the dynamic ASEAN region. ASEAN, comprising ten member states, is recognized as a growing economic bloc in Southeast Asia with a diverse range of industries and markets.
The International Trade Council recognizes the importance of such international trade agreements in facilitating economic cooperation, driving economic growth, and promoting global trade.