Executive Briefings

Canada, Japan Say Free-Trade Agreement Would Greatly Benefit Both Nations

Canadian Prime Minister Stephen Harper and Japanese Prime Minister Yoshihiko Noda have announced plans to begin negotiating a free-trade agreement aimed at deepening trade and investment ties between the two nations.

The negotiations will build on a recently released Canada-Japan Joint Study, which estimates that a free-trade agreement could boost Canada's gross domestic product by up to $3.8bn annually and increase exports to Japan by as much as 67 percent. Canada also is negotiating free-trade agreements with India and the European Union.

"Our government is creating jobs, growth and long-term prosperity for all Canadians through increased trade," said Harper in a prepared statement. "A free-trade agreement with Japan ... would strengthen the Canadian economy by generating billions of additional dollars in commercial flows between our two countries."

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The negotiations will build on a recently released Canada-Japan Joint Study, which estimates that a free-trade agreement could boost Canada's gross domestic product by up to $3.8bn annually and increase exports to Japan by as much as 67 percent. Canada also is negotiating free-trade agreements with India and the European Union.

"Our government is creating jobs, growth and long-term prosperity for all Canadians through increased trade," said Harper in a prepared statement. "A free-trade agreement with Japan ... would strengthen the Canadian economy by generating billions of additional dollars in commercial flows between our two countries."

Read Full Article