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Trade News

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.

 

APEC-Canada: Trade

Thursday, November 23, 2006 > 11:21:45
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(Canadian Press via I.E. Canada Newsletter)

 

Trade Minister David Emerson says Canada is interested in exploring the possibility of creating a huge free-trade zone that includes some 20 countries around the Pacific Ocean.

The idea of a free-trade zone stretching from the United States to China, from Australia to Chile, is being talked up at preliminary meetings of the Asia-Pacific Economic Co-operation summit in the Vietnamese capital.

Emerson says Canada would still prefer to see a successful outcome in negotiations on a global agreement at the World Trade Organization. But if that fails, Canada needs a Plan B.

The minister says the idea of a Pacific-wide trade zone under APEC is probably the next most attractive arrangement.

Such a trade group could potentially include nearly half of global trade, 40 per cent of the world's population and 56 per cent of its economy.
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