1. Economic Ministers from the ten ASEAN Member States and the Canadian Deputy Minister of International Trade met on 25 August 2015 in Kuala Lumpur, Malaysia for the Fourth AEM-Canada Consultations. The Consultations were co-chaired by H.E. Dato’ SriMustapa Mohamed, Minister of International Trade of Malaysia and Industry and Ms. Christine Hogan, Deputy Minister of International Trade of Canada.
2. The Meeting noted the developments in economic relations between ASEAN and Canada. According to Canadian statistics, two-way trade has grown significantly, reaching CAD 18.8 billion in 2014, which represents an increase of 10. 9 per cent from the previous year, and the highest level of two-way trade since the launch of the official Ministerial level dialogue between ASEAN and Canada. The stock of known Canadian foreign direct investment abroad in was CAD 7.96 billion in 2014. Canadian direct investment in ASEAN continues to exceed that in neighboring economies such as China, Hong Kong, Japan, and India.
3. The Meeting was pleased with the progress made in achieving the objectives of the 2014-2015 Work Plan to Implement the ASEAN-Canada Joint Declaration on Trade and Investment (JDTI). The ASEAN Ministers expressed their appreciation for Canada’s successful organisation of the ASEAN Next Generation CSR and Anti-Corruption Forum in February 2015 in Bali, which included private sector participation from ASEAN Member States. The Meeting noted on-going contributions to initiatives in support of the JDTI, such as the Singapore-based ASEAN Infrastructure Centre of Excellence.
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