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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Minister Fast Talks Trade with Philippine Undersecretary

Friday, May 01, 2015 > 09:47:58
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(Foreign Affairs, Trade and Development Canada)

Strengthening economic ties with the Philippines is a priority under the government’s ambitious pro-jobs, pro-export plan

The Honourable Ed Fast, Minister of International Trade, today met with Adrian Cristobal Jr., the Philippines’ Undersecretary for Industry and Development and Trade. Building on Minister Fast’s recent meeting in Manila with Gregory Domingo, the Philippine’s Secretary of Trade and Industry, Minister Fast and Undersecretary Cristobal discussed the Canada-Philippines bilateral partnership and opportunities to deepen and modernize the relationship.

This meeting took place in the lead up to the state visit by Philippines’ President Benigno Aquino III to Canada in early May. President Aquino’s bilateral visit to Canada will provide an opportunity for both leaders to reaffirm the close relationship between Canada and the Philippines, based on strong people-to-people ties.

Minister Fast will lead a trade mission to Manila and Cebu, the Philippines, from May 24 to 28, 2015; he will be accompanied by Senator Tobias Enverga Jr.

The trade mission to the Philippines will help Canadian companies, especially small and medium-sized enterprises (SMEs), take advantage of the opportunities available in one of the most dynamic and fast-growing countries in Asia.

Minister Fast will also participate in the APEC Ministers Responsible for Trade meeting on May 23 and 24 in Boracay, Philippines. As Chair of APEC for 2015, the Philippines shares Canada’s commitment to fostering the participation of SMEs in the global economy.

Quick Facts




  • Bilateral merchandise trade between Canada and the Philippines was nearly $1.8 billion in 2014, an increase of 2.5 percent over 2013.

  • The Philippines is a priority market under the Global Markets Action Plan and a country of focus for the Government of Canada’s international development efforts.

  • Canada and the Philippines have an existing double taxation agreement, foreign investment and promotion agreement, and an air transportation agreement enabling direct flights between Canada and the Philippines.



Quotes

“Strengthening economic and commercial ties with the Philippines, one of the fastest-growing and most dynamic markets in Asia, is a priority under our government’s ambitious pro-jobs, pro-trade Global Markets Action Plan.

“Our government is committed to opening new markets and creating opportunities for Canadian businesses, especially small and medium-sized enterprises, helping them find success in global markets, creating jobs and economic growth for all Canadians.”

- Ed Fast, Minister of International Trade



 


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