| Trade and Investment Publication |
|
| |
Roadmap to Asia |
 |
Canada and Japan: Enhancing commercial relations
April 25, 2006
Canada and Japan: Enhancing commercial relations
A promising and important market for Canada, Japan remains the world’s second-largest
economy and is once again on a path of sustainable economic growth. In addition to being a key
player in global value chains, Japan is Canada’s second-largest export market and a major source
of foreign direct investment.
In 2005, two-way merchandise trade between Canada and Japan stood at $23.6 billion, and
bilateral foreign direct investment exceeded $20 billion. Bilateral trade in services is growing,
with $5.21 billion in services traded between our two countries in 2005. Today, trade in goods
and services spans the full spectrum of economic activity, and bilateral investment and
cooperation in science and technology are increasing and adding new dimensions to the
relationship.
As such, Japan will remain vital to ensuring the continued competitiveness of Canadian industry.
At the same time, the governments of Canada and Japan recognize that bilateral commercial
opportunities remain untapped and so have taken steps to help ensure that the Canada-Japan
economic relationship reaches its full potential.
In November 2005, Canada and Japan signed an economic framework designed not only to
reinforce existing ties, but also to address new and emerging challenges and opportunities. A key
component of the framework is the undertaking of a joint study to look at further promoting and
liberalizing trade and investment between the two countries.
We want to hear from you
Domestic consultations play a key role in informing the government’s trade and investment
policy positions. Input from Canadian stakeholders will be important in the development of the
joint study and will ensure that the study is both comprehensive and meaningful. The
Government of Canada would like to seek the views of Canadians currently doing, or seeking to
do, business with Japan on existing barriers to trade and investment, possible policy tools to
address these issues and advice on how best to promote the bilateral commercial relationship.
For more information on the Canada-Japan Joint Study and the consultations process, go to
www.international.gc.ca/tna-nac/reg-en.asp or contact:
International Trade Canada
Trade Negotiations Consultations (Japan)
Email: consultations@international.gc.ca
Fax: (613) 944-3489
|
