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ASEAN, Canada look to negotiate bilateral trade deal

The 9th AEM-Canada Consultations took place on August 29 within the framework of the 52nd ASEAN Economic Ministers’ Meeting (AEM-52).
ASEAN, Canada look to negotiate bilateral trade deal ảnh 1Vietnamese Minister of Industry and Trade Tran Tuan Anh (Source: VNA)

Hanoi (VNA) – The 9th AEM-Canada Consultationstook place on August 29 within the framework of the 52nd ASEAN EconomicMinisters’ Meeting (AEM-52).

Vietnamese Minister of Industry and Trade Tran Tuan Anh andCanadian Minister of Small Business, Export Promotion and International TradeMary Ng co-chaired the virtual event.

Participating ministers evaluated growth in trade exchangeand investment between the two sides when two-way trade reached 17.1 billionUSD and Canada’s investment in ASEAN hit 3.2 billion USD last year.

These figures helped Canada become ASEAN’s ninth biggesttrader and fifth largest investor, they noted.

They acknowledged positive progresses in implementing a planwithin the framework of the ASEAN-Canada Joint Statement on Trade andInvestment in the 2016-2020 period, and approved another plan for 2021-2025with extensive commitments.

They appreciated main outcomes of the fourth trade policydialogue between the bloc and Canada held on June 8-12, with the focus onGovernment procurement, labour, environment and State-owned enterprises.

The ministers also hailed both sides’ efforts towardsnegotiations on a bilateral trade agreement in the time ahead, while showingconcerns over negative impact of the COVID-19 pandemic on people’s lives andeconomic development in the region and over the globe.

They pledged to continue opening the market and boostinginvestment to encourage the circulation of essential goods and services.

🍨 They also agreed not to apply protection measures, includingnon-tariff measures that negatively affect the flow of essential goods andservices in the coming time to join hands in fighting the pandemic./.

VNA

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