Minister Fast Participates in APEC and Trade Mission to Philippines

  • Page Views 2725
  • MinisterFast

    Ed Fast, Minister of International Trade, kicked off on May 22 a visit to the Philippines, where he will advance and promote Canada’s commercial interests within the Asia-Pacific region at the APEC Ministers Responsible for Trade Meeting from May 22 to 24, 2015, in Boracay, Philippines.

    The meeting will provide an opportunity for Fast to engage with his counterparts from APEC economies to expand Canada’s trade relationship with this growing and dynamic region, as part of the government’s ambitious pro-export plan. As chair of APEC in 2015, the Philippines shares Canada’s commitment to fostering the participation of small and medium-sized enterprises (SMEs) in the global economy.

    In 2014, APEC economies accounted for 57 percent of the world’s GDP and 39.8 percent of its population. They also represented 84 percent of Canada’s merchandise trade and included four of Canada’s top five national trading partners (the United States, Boracay, Philippines

    – Minister of International Trade Ed Fast meets with his counterparts at the APEC Ministers Responsible for Trade Meeting.
    The meeting provided an opportunity for Minister Fast to engage with his counterparts from APEC economies in order to expand Canada’s trade relationship with this growing and dynamic region,
    China, Mexico and Japan).

    “As part of our government’s ambitious pro- export Global Markets Action Plan we are committed to opening up new market opportunities for Canadian businesses and to supporting our small and medium-sized enterprises with the tools they need achieve export success,” Fast said.

    Following APEC, Minister Fast will lead a multi- sector trade mission to Manila and Cebu, Philippines, from May 24 to 28, 2015, with more than 50 representatives of over 40 companies and organizations. He will be joined by Senator Tobias Enverga Jr.

    Fast’s trade mission to the Philippines will help Canadian companies, especially SMEs, take advantage of the opportunities available in one of the fastest- growing economies in Asia. Trade missions are just one of the many tools under Canada’s Global Markets Action Plan (GMAP), the government’s blueprint for creating jobs and economic growth through exports, to help Canadian businesses
    as part of the government’s ambitious pro-export plan. As chair of APEC in 2015, the Philippines shares Canada’s commitment to fostering the participation of small and medium-sized enterprises in the global economy.

    Following the APEC meeting, Minister Fast will lead a multi-sector, five-day trade mission to Manila and Cebu, Philippines, from May 24 succeed in foreign markets. The Philippines is a priority market under GMAP and a country of focus for the Government of Canada’s international development efforts. The Philippines is the second fastest-growing economy in Asia. Bilateral merchandise trade between Canada and the Philippines totalled $1.8 billion in 2014.

    Minister Fast was last in the Philippines in March 2015 as part of a trade mission to boost Canada’s exports and investment partnerships with the ASEAN and APEC members.

    During his recent historic state visit to Canada, Philippines’ President Benigno Aquino III and Prime Minister Stephen Harper reaffirmed the longstanding and to 28, 2015. Minister Fast will be joined on the mission by more than 50 representatives of over 40 companies and organizations as well as by Senator Tobias Enverga Jr. positive Canada-Philippines bilateral partnership based on shared democratic values and a mutual interest in expanding trade and commercial relations, including through the launch of exploratory discussions on a free trade agreement.

    As part of Canada’s Economic Action Plan 2015, Prime Minister Harper announced a total of $50 million over five years in direct financial assistance to Canadian SMEs for market research and participation in trade missions. It is expected  that this funding will help between 500 and 1,000 Canadian entrepreneurs per year reach their full export potential.

    Fast said: “Canada and the Philippines have a close partnership based on shared democratic values and strong people-to-people ties. This trade mission will help strengthen our economic and commercial relationship with one of the ASEAN region’s fastest-growing economies, creating jobs across Canada.”

    Share

    Related Post

    Related Blogpost

    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    New Posts Recently publish post More

    • 20 June 2024
      4 hours ago No comment

      Surrey Fiesta Extravaganza: A Celebration of Culture, Music, and Fun!

      Surrey, BC – Get ready to experience a weekend filled with vibrant culture, exciting music, and fun for the whole family at the Surrey Fiesta Extravaganza! This highly anticipated event will take place on June 29 and 30, 2024 at the Surrey Civic Plaza. Mark your calendars and prepare to ...

    • 13 June 2024
      1 week ago No comment

      Mayor Locke wants a Filipino cultural centre in Surrey, endorses June 29-30 Surrey Fiesta Extravaganza

      The Filipino community in Surrey has a strong advocate in city hall, and it’s none other than Mayor Brenda Locke. In a townhall with members of the community at the central branch of the Surrey public library on June 11, 2024, Locke said that she wishes Filipinos to be ...

    • 06 June 2024
      2 weeks ago No comment

      BMO signs on as Title Sponsor for 2024 Surrey Fiesta Extravaganza

      Left to Right:  M. Hernandez, Ray Lino (Mid-Market Relationship Mgr, Commercial Banking), Yvette Castro (Mid-Market Director & Team Lead, Commercial Banking), Hayley O’Donnell. (Regional Program Mgr – Customer Segments, BC&Yukon), R. Fortaleza, Aminmohmed Sunderji (Regional Vice President, Personal Banking), Mike Calingo (Associate Director, Commercial Banking – Cross  Border), Stacey ...

    • 01 June 2024
      3 weeks ago No comment

      Mable Elmore: let’s honour our diversity and stand up against hate

      In addition to her role as Member of the Legislative Assembly (MLA) of British Columbia for Vancouver-Kensington, Mable Elmore is also the province’s Parliamentary Secretary for Anti-Racism Initiatives. On May 27, 2024, Elmore released a statement urging everyone to continue the fight against racism whenever and wherever hate and ...

    %d bloggers like this: