Close X
Thursday, November 28, 2024
ADVT 
National

Trudeau talking trade at Thailand summit

Darpan News Desk The Canadian Press, 17 Nov, 2022 02:50 PM
  • Trudeau talking trade at Thailand summit

BANGKOK - Prime Minister Justin Trudeau's tour of Southeast Asia includes a brief stop in Bangkok, which is a visit aimed at showing Canada is serious about forming deeper ties with the region.

The two-day visit to Thailand is for Trudeau to take part in the leaders' meeting of the Asia-Pacific Economic Cooperation forum, a group of 21 economies on both sides of the Pacific that work together to break down barriers to trade.

"Showing up is critically important. In Asia in particular, face-to-face relationships are vitally important," said Timothy Dattels, one of Canada's three representatives to the APEC Business Advisory Council.

"Long-term relationship building is absolutely critical to business; it's not all just done over the phone, at all," said Dattels, an investor specializing in the region.

He noted that major players in the region have sent their heads of government and senior ministers to Bangkok.

Rather than listing countries as members, the APEC group consists of 21 economies that include the special administrative region of Hong Kong, which falls under Chinese control, and Taiwan, which some states, including China, do not recognize as a country.

The organization features a series of technical committees and working groups that advise policy leaders on how to make business flow more smoothly between different countries, such as standardizing how transactions are recorded or setting rules on data privacy and digital trade.

Instead of negotiating policy or signing agreements, the group aims to come up with suggestions on how to boost economic growth and make sure different sectors are in regular conversation.

Andrew Cooper, a professor with the Balsillie School of International Affairs at the University of Waterloo, said the forum looms large for think tanks and business chambers, but not the general public.

"There's a lot more technical kind of legalistic work. That's important, but that's not going to draw huge attention from the public," he said.

He said that while APEC has paved the way for globalization and helped countries sort out the minutiae of red tape, it's been less able to articulate broader priorities for the region.

Trudeau is attending the APEC leaders' meeting as the Liberals gradually roll out an Indo-Pacific strategy, to form closer ties with certain countries spanning India to South Korea.

On Tuesday, Trudeau met with Thai Prime Minister Prayut Chan-o-cha at the ornate Government House in Bangkok.

Trudeau also signed a declaration with Chile's President Gabriel Boric aimed at easing some concerns about investor disputes that have held back the South American country from ratifying a cross-continental trade deal.

The Liberals will likely make announcements as the meeting closes Friday, but International Trade Minister Mary Ng said the main purpose of the visit is to affirm Canada's commitment to the region.

"It is about how we work together as a trading system, to make sure that cross-border trade flows happens," she told reporters in Bangkok.

Trudeau's itinerary suggests a fair amount of shaking hands and pull-aside chats, with events such as the "leaders' informal dialogue with guests" and a "working luncheon" for leaders.

Dattels praised the Liberals for making the visit, especially after announcing the outlines of the Indo-Pacific strategy.

"We have this massive collection of APEC nations, and to have a demarcation about our commitment to the region, which is very unique at APEC, is well chosen," Dattels said.

"We just need to be at the table and an active participant in the market."

As part of the strategy, the Liberals have deemed China a threat to global stability, and said Ottawa will seek trade ties with booming, like-minded countries.

Ng said Beijing's unpredictability is a large part why she is trying to form closer relationships with other Asian economies.

"Our exporters and our businesses depend on the strength of a rules based trading system," she said.

"We've had some difficulties with China over the last number of years, particularly around trade, and our exporters and our businesses have experienced that. It is precisely why we are here in the region."

Ng did not reference any specific events, though China boycotted certain agricultural products after the arrest of Huawei executive Meng Wanzhou.

The minister also would not say whether she expects Canadian businesses in China to suffer after Chinese President Xi Jinping accused Trudeau of harming diplomatic relations by sharing details with the media about a prior meeting.

Xi is attend the leader's meeting, which kicked off late Thursday local time, while Russia said it would send its Deputy Prime Minister Andrey Belousov.

While APEC focuses on sharing voluntary approaches to facilitating trade, the leaders' summit might be hindered by their diverging views on Russia's invasion of Ukraine and China's growing assertiveness.

"How much can be achieved at a meeting like this will inevitably be affected by geopolitical factors," Asia Pacific Foundation of Canada CEO Jeff Nankivell said in an interview before the meeting.

The question, he said, will be: "Is it possible to get consensus on outcomes documents in the current geopolitical context?"

Trudeau will leave late Friday for Tunisia, to attend the Francophonie summit.

MORE National ARTICLES

Vancouver police probe Komagata Maru vandalism

Vancouver police probe Komagata Maru vandalism
The VPD says it launched an investigation Tuesday after being alerted by a social media post that the glass covering the memorial in Coal Harbour had been shattered. Const. Jason Doucette says officers are looking into any links to what he called a "similar crime" in which glass sections of the Olympic Cauldron less than 200 metres away were smashed on Saturday morning.

Vancouver police probe Komagata Maru vandalism

Bear attacks family, two gravely hurt: B.C. RCMP

Bear attacks family, two gravely hurt: B.C. RCMP
A statement posted to social media by the B.C. Conservation Officer Service says the family of four turned and ran when the bear charged them Monday evening. The service says the bear chased them and attacked one woman, while another woman and a teenage boy were injured trying to help her.  

Bear attacks family, two gravely hurt: B.C. RCMP

Man pleads guilty to Langley triple homicide

Man pleads guilty to Langley triple homicide
The homicide team says in a statement that Kia Ebrahimian pleaded guilty to three counts of second-degree murder in B.C. Supreme Court on Monday. Police were called to a Langley house fire on June 13, 2020, and found the bodies of the man's mother Tatiana Bazyar, his brother Befrin Ebrahimian and Francesco Zangrilli.  

Man pleads guilty to Langley triple homicide

Dental benefit may not reach families who need it

Dental benefit may not reach families who need it
The federal government plans to send cheques of up to $650 to qualifying low- and medium-income households to help pay for children's dental needs through the same platform used for Canada Child Benefit payments. That is run through the Canada Revenue Agency, which the experts suggest could be a problem because many low-income families are less likely to file tax returns.

Dental benefit may not reach families who need it

Arrests are 'futile' to curb crime: B.C. minister

Arrests are 'futile' to curb crime: B.C. minister
Murray Rankin says fighting crime by arresting more people is "futile," and the government is instead considering a range of options to keep people safe. Opposition Liberal Leader Kevin Falcon told the legislature that the government has continued a "catch-and-release" policy where repeat offenders are quickly freed from custody despite being accused of violent crimes.  

Arrests are 'futile' to curb crime: B.C. minister

Crews battle wildfire in B.C. regional park

Crews battle wildfire in B.C. regional park
A Twitter account for the district's emergency services division had posted on Saturday afternoon saying the fire was "under control and not spreading," but on Sunday the BC Wildfire Service's website lists the blaze as out-of-control. Videos posted online by the district show a helicopter dumping water on the fire.

Crews battle wildfire in B.C. regional park