News Flash

ASEAN, Canada agree to launch FTA negotiations

22 Nov '21

1 min read

Pic: Ministry of Industry and Trade Web Portal

Canada and members of the Association of Southeast Asian Nations (ASEAN) have agreed to launch negotiations on a free trade agreement (FTA) during the ASEAN Economic Ministers (AEM)—Canada Consultation, which was held virtually recently. Officials were tasked by the ASEAN ministers to develop a work plan to take forward the negotiations as soon as possible.

The FTA is among the economic priorities in the ASEAN chairmanship year of Brunei.

The participants discussed the trade and investment situation in the region amid the COVID-19 pandemic and the Canada-ASEAN Business Council (CABC)’s recommendations to strengthen bilateral economic cooperation.

The ministers also exchanged views on measures to respond to COVID-19 impacts on the economies of the regional countries, and reaffirmed commitments to continue seeking ways to reduce the pandemic’s impacts, a news agency reported.

They also underlined the need for global cooperation, including the ensuring of access to vaccine supplies in an equal, safe and efficient manner.

Fibre2Fashion News Desk (DS)

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