29 August 2023
Canadian Custom Brokerage

Canada and ASEAN to hold the fifth round of free trade talks in September

Canada’s Minister of International Trade, Mary Ng, attended the 12th Association of Southeast Asian Nations (ASEAN) Economic Ministers (AEM) – Canada Consultation, in Indonesia.

The ministers agreed to advance shared priorities such as comprehensive economic partnership agreement (CEPA) negotiations.

Canada and ASEAN launched negotiations toward a free trade agreement in 2021 and will be holding the fifth round of negotiations in September, 2023.

Established in 1967, ASEAN comprises 10 Southeast Asian States: Brunei, Cambodia, Indonesia, Lao People’s Democratic Republic Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Total bilateral merchandise trade between Canada and ASEAN reached $40.7 billion in 2022 while services trade amounted to $6.8 billion in 2021 and these numbers are expected to continue growing.

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