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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.


Canadian Ministers on African Trade Mission

Monday, January 28, 2013 > 12:13:52

Tax-news – Mike Godfrey)

Canada's International Trade Minister is leading a trade mission to Nigeria and Ghana as part of the government's Action Plan for jobs, growth and long-term prosperity.

Ed Fast's trip is taking place from January 27 to February 1, with representatives from 28 Canadian companies and organizations, predominantly from the extractive and infrastructure sectors, participating.

Fast said of the mission, "Exporting Canada's world-class goods, services and expertise to new, fast-growing markets around the world is a key part of Canada's Economic Action Plan for jobs, growth and long-term prosperity. This mission to Africa – my first trade mission of 2013 – is an important part of that plan."

Canada’s bilateral merchandise trade with Nigeria reached CAD2.7bn (USD2.68bn) in 2011, up nearly 44% over 2010, while that with Ghana rose by 61%, totaling almost CAD322m.

Canada is currently engaged in trade negotiations with India, the European Union, Japan, Thailand and the countries that comprise the Trans-Pacific Partnership. A Foreign Investment Promotion and Protection Agreement was recently signed with Benin, and last year a free trade agreement with Jordan entered into force, while a deals with Panama and Chile received Royal Assent and were tabled in parliament, respectively.

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