Government Announces Fifth Round of Canada-Japan Trade Negotiations

Submitted by admin on Thu, 04/03/2014 - 03:24

The Honourable Ed Fast, Minister of International Trade, today announced the fifth round of negotiations toward a Canada-Japan economic partnership agreement (EPA). The negotiations will take place in Tokyo from March 24 to 28, 2014...

A joint study concluded that a trade agreement with Japan could boost Canada’s economy by $3.8 billion annually, which is equivalent to almost 25,000 new jobs, and increase Canada’s exports to Japan by as much as 67 percent. An agreement would strengthen bilateral trade and investment opportunities in many areas, benefiting all sectors including agri-food products, forestry and value-added wood products, fish and seafood, natural resources and financial services.

... In 2013, the total value of Canadian exports to Japan reached nearly $10.7 billion, with Japan being Canada’s second most important trading partner in the Asia-Pacific region...

This has been excerpted from the 18 March 2014 news release by Foreign Affairs, Trade and Development Canada and is available in its entirety on Canada.ca.