OTTAWA, Nov. 24, 2011 /CNW/ - In its latest report, Canada-Japan: Revitalizing the economic Partnership, the Canadian Chamber of Commerce highlights the benefits of enhanced
Canada-Japan relations and what a successful Canada-Japan Economic
Partnership Agreement (EPA) should include.
Japan is a highly developed, sophisticated market and represents a major
opportunity for Canadian produced goods and services. It remains the
world's third largest economy and Asia's second, just behind China.
Canada and Japan are important trade partners, but the value of two-way
trade and investment has not moved much in a decade. There are
significant barriers to real market access that hamper Canadian
companies and limit the Canada-Japan partnership. An EPA, if it is of
the right quality, would dismantle those barriers and revitalize
"Canada and Japan have largely complementary economies. Greater
effective market access through an Economic Partnership Agreement could
yield economic gains for both countries," said Perrin Beatty, President
and CEO of the Canadian Chamber of Commerce.
An EPA with Japan, provided it achieves real market access for Canadian
goods and services, would revitalize our economic ties and be a good
step forward in moving Canada's business presence in the Asia-Pacific
Earlier this month, Prime Minister Stephen Harper announced that Canada
was considering joining the Trans-Pacific Partnership (TPP), a group
that aims to deliver a trade and investment framework for the
Asia-Pacific region by enhancing rules-based commercial and capital
exchanges and promoting innovation and sustaining economic growth in
participating countries. The Japanese government signalled its
intention to proceed with the TPP as well.
A copy of the report can be found here.
The Canadian Chamber of Commerce is the vital connection between
business and the federal government. It helps shape public policy and
decision-making to the benefit of businesses, communities and families
across Canada with a network of over 420 chambers of commerce and
boards of trade, representing 192,000 businesses of all sizes in all
sectors of the economy and in all regions. News and information are
available at Chamber.ca or follow us on Twitter @CdnChamberofCom.
SOURCE Canadian Chamber of Commerce, The
For further information:
Émilie S. Potvin
Director, Public Affairs & Media Relations
Office: 613.238.4000 (231)