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Archive for the ‘Canada’ Category

Philippines and Canada Forge Stronger Defense Ties with Memorandum of Understanding

Canada, International Relations, News, Philippines

January 29, 2024

In a significant step towards bolstering their defense cooperation, the Philippines and Canada formally signed a memorandum of understanding on Friday, with Manila’s defense minister expressing optimism that this agreement could pave the way for a troop pact between the two nations.   Defense Secretary Gilberto Teodoro highlighted the strong intention on both sides to […]

Canada’s Trade Surplus Exceeds Expectations in October

Canada, International Trade, News

December 6, 2023

Canada has reported a trade surplus larger than anticipated, amounting to C$2.97 billion ($2.19 billion) in October, according to data from Statistics Canada. This surplus comes as exports experienced a slight increase, while imports registered a significant decline.   Analysts participating in a Reuters poll had forecasted a trade surplus of C$1.60 billion. September’s surplus […]

Canada’s Trade Surplus Surges Beyond Expectations, Fueled by Energy Prices

Agricultural Trade, Canada, News

November 7, 2023

Canada has seen its trade surplus with the world grow at a rate twice as high as anticipated in September, thanks to an increase in crude oil prices that boosted exports for the third consecutive month, according to recent data.   Statistics Canada reported that in September, Canada’s trade surplus reached C$2.04 billion ($1.48 billion), […]

Canada and Taiwan Conclude Bilateral Investment Deal, Bolstering Economic Ties

Canada, International Trade, News, Taiwan

October 24, 2023

Canada and Taiwan have successfully concluded negotiations for a bilateral agreement aimed at enhancing foreign investment. Canadian Trade Minister Mary Ng and the Taiwanese government announced their commitment to ensuring the swift implementation of this accord.   Taiwan, in its pursuit of greater diplomatic and moral support from major Western democracies, including Canada, faces increasing […]

ASEAN and Canada Forge Closer Ties, Progress Towards Free Trade Agreement

Canada, News, Trade Agreements

October 18, 2023

  Recent developments in the relationship between ASEAN (the Association of Southeast Asian Nations) and Canada are paving the way for a promising future marked by strengthened economic cooperation. During the ASEAN Summit held in late September, Canada achieved official recognition as a strategic partner, a significant milestone in the growing alliance between the two […]

Canada Records Surprising Trade Surplus in August, Rebounding After Port Disruptions

Canada, News, Supply Chain

October 5, 2023

OTTAWA (International Trade Council) – Canada reported an unexpected trade surplus of C$718 million ($521.88 million) in August, marking a swift recovery in trade following labor strikes that led to port closures on the West Coast, according to data released on Thursday. Statistics Canada revealed that higher crude prices and gold transfers to the United […]

Canada Affirms Commitment to Deepen Trade Ties with Taiwan, Pursuing FIPA Agreement

Canada, International Trade, News, Taiwan

September 12, 2023

The International Trade Council acknowledges Canada’s unwavering commitment to strengthening trade relations with Taiwan, as expressed by Ed Jager, Director of Trade and Investment at the Taipei Canadian Trade Office. Mr. Jager’s remarks underscore Canada’s dedication to fostering economic collaboration and enhancing trade ties with Taiwan, reinforcing the belief that partnership and cooperation are vital […]

International Trade Council Takes Note of Canada’s Anticipation to Conclude Free Trade Agreement with ASEAN

Canada, News, Trade Agreements

September 6, 2023

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 […]

International Trade Council Report on Wildfire Impact on Canadian Exports

Canada, Economic Relations, News

August 7, 2023

The International Trade Council acknowledges the evident implications of wildfires on Canada’s trading performance. As illustrated by the recent Donnie Creek wildfire and many others this year, there is a significant impact on Canadian exports.   The latest report from the Conference Board of Canada highlights a widening of Canada’s trade deficit for the second […]

International Trade Council Welcomes German Parliament’s Approval of EU-Canada Trade Pact

Canada, Europe, News, Trade Agreements

December 1, 2022

The International Trade Council (ITC) applauds the decision of the German parliament to approve the free-trade agreement between the European Union (EU) and Canada, taking an important step towards the full implementation of the Comprehensive Economic and Trade Agreement (CETA).   The CETA, signed in 2016, has been provisionally applied since 2017, with most of […]

International Trade Council Announces Canada’s Ban on Single-use Plastics as a ‘historic Step’ Towards Reducing Plastic Pollution

Canada, News

June 20, 2022

The International Trade Council (ITC) welcomes the decision of the Canadian government to ban the manufacturing and import of “harmful† single-use plastics. The new regulations, announced on 20 June 2022, will be effective from December 2023 and will prohibit the sale and import of checkout bags, utensils, food-service products with plastic that is difficult […]

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