1. The Economic Ministers from the ten ASEAN Member States and Canada (“the Ministers”) met on 1 September 2018 in Singapore, for the Seventh ASEAN Economic Ministers Canada Consultations. The Consultations were co-chaired by H.E. Chan Chun Sing, Minister for Trade and Industry, Singapore and the Honourable James Gordon Carr, Minister of International Trade Diversification, Canada.
2. The Ministers welcomed the expanding trade and investment ties between ASEAN and Canada, noting that total merchandise trade was nearly USD 18 billion in 2017, an increase of 10 per cent from the previous year. This ranked Canada as the ninth largest merchandise trading partner of ASEAN. Meanwhile, the stock of Canadian Foreign Direct Investment (FDI) in ASEAN amounted to USD 9.4 billion in 2017.
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Download the opening remarks here.