You are here: Home › Powering up in the Asia-Pacific

Powering up in the Asia-Pacific

   Sep 01, 2019
Credit : GMI Post

Having already reached a free trade agreement with the European Union and a revised deal that preserved the three-party Nafta, Canada has shifted more attention across the Pacific as it pursues growth opportunities in what is the world’s largest, most populous and fastest–growing region.

While China’s economy still dominates in Asia, Japan has exhibited a fresh commitment to restart its stagnant economy and India looks set to eclipse those two economies in a few years.

“For the first time, there’s a genuine appreciation that the center of gravity has shifted from the Atlantic to the Indo-Pacific. Therefore, we must get it right in Asia,” Canada India Business Council President and CEO Kasi Rao said.

Amid the fast-changing landscape in global trade, Canada’s government wants to double its overseas exports by 2025.

“Asia is a key market in realizing these goals. Engaging with the different markets in Asia is a long-term commitment and we are investing heavily in terms of time, human resources and capital,” Canada’s Chief Trade Commissioner Ailish Campbell said.

Tasked to help Canadian companies access overseas markets, the Trade Commissioner Service (TCS) has made progress over several years. But, it still has much work to do in helping Canadian firms expand Canada’s trade with the rest of the world.

In 2000, the U.S. accounted for about 76% of Canada's trade activities, with Asia–Pacific accounting for only 10%. In 2018, the figure for the U.S. shrank to 63%, while that of Asia–Pacific grew to 17%.

Also, Canada’s trade with Asia-Pacific is expected to expand even more rapidly because of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which has come into effect in Australia, Brunei, Canada, Japan, Malaysia, New Zealand, Singapore and Vietnam, among others. It also has a free trade agreement (FTA) with South Korea.

“Our research has shown that Canadian companies are much more confident in choosing a country if it is covered by a free trade agreement. It gives them a lot of comfort if there is an understanding of how trade will be done and how tariffs will be applied,” Export Development Canada CEO Mairead Lavery said.

Business Council of Canada Vice President for International Trade Brian Kingston agreed but further clarified, “These trade deals are not the be all and end all. Rather, they are the government’s measures that pave the way for Canadian companies and nudge them in the right direction. FTAs provide focus on opportunities in markets that Canadian companies otherwise might not have thought of.”

Canada also hopes that the CPTPP will attract more inward investment.

“Investors can secure preferential access to Canada’s network of 14 free trade agreements. This makes Canada an even more ideal location for a North American office,” Campbell said.

Within the vast country, Canada’s provinces present various opportunities that have drawn in certain investors. British Columbia and Nova Scotia remain the preferred destinations for Asian investors, particularly Chinese investors, while Saskatchewan attracts Indian business, which accounts for one-third of bilateral trade.

As the location of country’s political and financial capital, the province of Ontario is first-in-mind when it comes to investment, whether across the southern border or the Atlantic and Pacific oceans.

“Companies are naturally drawn to Ontario because of its steady pipeline of diverse talent, world-class universities and colleges and incubators,” said Todd Smith, who led Ontario's Ministry of Economic Development, Job Creation and Trade and organized several road shows across Asia to directly promote the province.

“The message is simple and clear: We are open for business,” Smith said.

Takashi Omae: Uplifting his community through udon

Noodle chef Takashi Omae on coming up with ramen-udon noodle fusion recipes, how COVID-19 has impacted business and his recent film debut.

Rebuilding the nation and the region

The 14th General Election last May was intense and Malaysians will remember it long after the settles. Not only will they remember the gruelling mo...

Western Australian council is first adopter of Datacom's new local government technology

Datacom has rolled out the first phase of its customer service system for the town of Manjimup in Western Australia. Kicking off with Service Reque...

Crowdfunding campaigns offer a silver lining to ailing businesses facing COVID-19 insolvency

Communities rally behind their favorite establishments, but can they save them all?

Philippines' top EdTech startup secures Series A funding as it boosts reach and engagement

Edukasyon, the leading education technology platform in the Philippines, recently closed its Series A financing round, joined by Asian and European...

Japanese carmakers: A vital part of the U.S. economy

Over nearly four decades, Japanese-brand automakers have built up a vast American presence. It has made a cumulative manufacturing investment of ab...

Save jobs and businesses endangered by the pandemic

With the economic downturn likely to be protracted, the key to a subsequent recovery is preventing mass unemployment and bankruptcies.

Malaysia: A fresh start

Ten months since historic elections that rocked the nation’s political landscape, Malaysia, once again headed by Prime Minister Mahathir Mohamad, i...

SilTerra: Defining tomorrow in Malaysia today

Globally ranked 16th by Gartner in the pure-play foundries category, SilTerra clearly punches above its weight. Originally set up in 1995 as a semi...

latest special Reports:

Upcoming Reports from

Panama 2020

See Preview »

As Japan and Panama celebrate 116 years of diplomatic relations this year, Japanese Prime Minister Shinzo Abe cited how the two nations share unive...

Greece 2020

See Preview »

When Greece and Japan celebrated the 120th anniversary of the establishment of formal diplomatic relations last year, the two countries welcomed "a...

Colombia 2020

See Preview »

As Japan and Colombia celebrate 112 years of diplomatic relations this year, the world's third-largest economy remains the largest Asian investor i...

Southern California 2020

See Preview »

After 160 years of shared history, the USA and Japan have become strong partners in diplomacy and trade. This is especially evident in Southern Cal...

Saudi Arabia 2019

See Preview »

Guided by its Vision 2030, the Kingdom of Saudi Arabia has committed itself to a path of economic, industrial, social and digital transformation. A...




  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.

    Testimonials:

    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile

Join our newsletter

Sign up for our weekly newsletter to get the latest news and updates directly to your inbox.