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Canada Promotes Japanese Trade Talks

by Mike Godfrey, Tax-News.com, Washington

26 April 2013


Canada's International Trade Minister has been highlighting the importance of strengthened economic relations with Japan as negotiations towards an economic partnership agreement (EPA) continue.

A second round of talks on the EPA have been taking place in Ottawa this week. Discussions are focusing on goods, services, government procurement, and customs procedures. According to Ed Fast, good progress is being made across the board.

A joint study has claimed that an agreement could translate into gains of between USD3.8-9bn for Canada's gross domestic product, while exports to Japan could grow by as much as 67%. Exports to Japan were worth nearly CAD10.4bn last year.

Speaking at the 2013 Canada-Japan Trade Symposium in Toronto, Fast said: "Our government is focused on helping create jobs, growth and long-term prosperity by opening new markets that will increase our exports to large and dynamic economies around the world. That is why we are working hard to take our trade and investment relationship with Japan – the world's third-largest economy – to the next level."

TAGS: tax | export duty | excise duty | Canada | import duty | trade | Japan | services

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