Connect with us

Canada News

Trudeau lands in Asia to expand trade in region amid division as to how to do it

Published

on

Their East Asia summit is one of the most important gatherings in the region and Trudeau is there for a second year in a row, having been the first Canadian prime minister to attend last year. (Photo: Justin Trudeau/Facebook)

SINGAPORE — Prime Minister Justin Trudeau is landing in Singapore hoping that by the time he leaves, Canada will know how to pursue freer trade with a 10-nation bloc of major suppliers and customers.

Many members of the Association of Southeast Asian Nations have expanding consumer classes and high population-growth rates relative to the rest of the world. Combined, ASEAN’s members — the Philippines, Indonesia, Brunei, Singapore, Malaysia, Thailand, Vietnam, Laos, Cambodia and Burma — have nearly 650 million people and are already Canada’s sixth-biggest trading partner.

Their East Asia summit is one of the most important gatherings in the region and Trudeau is there for a second year in a row, having been the first Canadian prime minister to attend last year.

But experts warn Canada is at a fork in the road: Continue talks toward a group free-trade deal, which could come with big benefits but take years of painstaking work, or convince ASEAN nations that have not already done so to sign on to a newly ratified Pacific Rim trade deal, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — or CPTPP for short.

Former Quebec premier Jean Charest says a confluence of events — Canadian trade deals finalized with Europe and Pacific Rim countries, and a new one in principle with Mexico and the U.S., while President Donald Trump raises trade barriers with others — gives Trudeau help with either path.

“It puts the prime minister in a much better position in the sense of, he’s uniquely on the offensive. He is in there to say we want to be part of (this),” said Charest, who’s the honorary chairman of the Canada-ASEAN Business Council. “It will be put in the backdrop of this broader world to say, ‘With everything that is happening on the trade front, all this makes sense for you and it makes sense for us.’ “

Trudeau spoke about problems with protectionism and nationalism over two days in Paris, on the first leg of his 10-day overseas trip. On Monday, ahead of travelling to Singapore, Trudeau said he would have “more to say in due course” on free trade with the ASEAN countries.

“We continue to be very proud of our record on signing progressive trade deals with Europe, with the United States, and with the CPTPP,” Trudeau told reporters. “We continue to discuss the possibilities of a free trade agreement with the ASEAN economies, some of Asia’s fastest-growing economies.”

A preliminary study of a Canada-ASEAN trade agreement has been done. Hammering out a final agreement could take up to eight years, Charest said.

But first the Liberals must show that they are committed to trade with east Asia, a region with a relationship-based business culture, after years of talking big but not following up.

“They have to start to trust you and I have to say, with Canada blowing hot and cold — this year we’re there, next year we’re not, economy goes down in the U.S. (so) we go to Asia, the economy gets back up in the U.S. and we head back out again — that doesn’t cut it,” said Lorna Wright, executive director of the Centre for Global Enterprise at York University’s Schulich School of Business.

The ASEAN summit also offers Trudeau a seat at a regional security gathering of 18 countries, including the U.S., China and Russia.

A seat at the security table, which the Liberals hope to parlay into a permanent spot, gives Canada a voice in decisions about tensions and issues in southeast Asia that could eventually reach Canadian shores, such as pandemics.

The security table regularly talks about tensions with North Korea, whose dictator, Kim Jong Un, has opened lines of communication with U.S. President Donald Trump.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle3 weeks ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...

Lifestyle4 weeks ago

What I Know Now About Motherhood

Did you know that a mother’s cells can live in her child’s body for their entire lives? This fascinating phenomenon...

Headline2 months ago

Age with Audacity

At 25, I imagined life at 50 would mean I’d be past my prime and grumpy.  Little did I know,...

Lifestyle2 months ago

Spring Clean Your Body, Mind and Home

Spring has sprung! This season is perfect for spring cleaning, but why stop at our homes?  We can also rejuvenate...

Lifestyle3 months ago

Hear Us Roar

There is absolutely nothing wrong with a woman who wants her happily ever after. I certainly did. After 21 years...

Lifestyle3 months ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline4 months ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline4 months ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline5 months ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline5 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...