1. The Fourteenth ASEAN Economic Ministers-Canada (AEM-Canada) Consultation was held on 26 September 2025 in Kuala Lumpur, Malaysia. The Consultation was co-chaired by H.E. Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry of Malaysia, and the Honourable Yasir Naqvi, Parliamentary Secretary to the Minister of International Trade of Canada. The Meeting also welcomed the participation of H.E. Filipus Nino Pereira, Minister of Commerce and Industry, Democratic Republic of Timor-Leste as an observer.

2. The Meeting noted that based on ASEAN’s preliminary statistics, two-way merchandise trade between ASEAN and Canada stood at USD 23.5 billion in 2024, whilst foreign direct investment (FDI) inflow from Canada to ASEAN was recorded at USD 4.9 billion in the same year. These figures placed Canada as ASEAN’s sixteenth largest trading partner and ninth largest source of foreign direct investment last year.

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