Under the 2021-2025 JDTI Work Plan, both sides will be undertaking comprehensive range of activities that are in line with the agreed goals, namely: i) bolster the ASEAN-Canada dialogue on trade and Investment; and (ii) promote and facilitate increased involvement of the private sector in economic activities between Canada and ASEAN to increase trade and investment. 

ASEAN and Canada have engaged in several discussions on potential benefits in establishing an ASEAN-Canada FTA. Both sides had completed a Joint Feasibility for a possible ASEAN-Canada FTA, conducted two rounds of exploratory discussion (ED) for a possible ASEAN-Canada FTA, as well as exchanges at the ASEAN-Canada Trade Policy Dialogues to enhance the mutual understanding on each other’s approach to issues under their respective FTAs. Both side are working on a reference paper that would identify – on a “without prejudice” basis – the possible FTA’s objectives, proposed chapters/elements, including the potential level of ambition for each, areas of convergence and divergence, and other relevant considerations. The reference paper will be submitted for the Ministers’ further consideration at the next AEM-Canada Consultations in 2021.