- ASEAN Member States and Canada virtually met on 17 November 2021 for the 10th ASEAN Economic Ministers (AEM) – Canada Consultation. The Consultation was co-chaired by H.E. Dato Dr. Amin Liew Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II, Brunei Darussalam, and the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Canada.
- The Meeting noted that despite the COVID-19 pandemic and its impact on the global economy, bilateral trade relations between ASEAN Member States and Canada remain strong. According to Canada’s statistics, in 2020, total two-way merchandise trade was valued at USD 19.9 billion, reflecting a slight decrease of 2.4 per cent yearon-year. At the end of 2020, the stock of foreign direct investment (FDI) from Canada to ASEAN Member States reached USD 12.5 billion, or an increase of 11.7 per cent year-on-year, while the stock of FDI from ASEAN Member States to Canada was USD 1.2 billion, or a decrease of 0.9 per cent year-on-year.
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