Minister Ng concludes successful participation in Canada’s women-only trade mission to Japan
December 8, 2022 – Tokyo, Japan - Global Affairs Canada
Advancing women’s economic empowerment and participation in trade is fundamental to the Government of Canada’s Export Diversification Strategy and key to ensuring that Canada’s economic future is inclusive, sustainable and resilient.
Today, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, concluded her participation in the Asia Pacific Foundation of Canada’s women-only trade mission to Japan. The trip focused on expanding trade between women-owned and -led businesses in the health care and cleantech sectors.
Throughout the trip, Minister Ng emphasized the importance of women in driving economic growth and increasing trade ties between Canada and Japan. The Minister participated in a fireside chat with NODA Yumiko, Chair and Representative Director of Veolia Japan K.K. and Vice-Chair of the Board of Councillors of Keidanren, to highlight supports available to Canadian women business owners and the importance of increasing collaboration between Canadian and Japanese innovators. Minister Ng also led a round table with women business leaders in Tokyo.
Building on the momentum of the recently announced Indo-Pacific Strategy, the Minister also met with Minister HAYASHI Yoshimasa, Minister of Foreign Affairs, where they discussed the Strategy, as well as Canada’s strong interest in joining the Indo-Pacific Economic Framework for Prosperity. Minister Ng highlighted that as the world’s fastest growing region, the Indo-Pacific is important to Canada’s economic prosperity, and that Canada is committed to continuing to broaden and deepen its trade, investment and commercial relationships with Indo-Pacific countries. Both ministers reaffirmed the strong bilateral relationship between Canada and Japan.
Minister Ng also met with NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry. The ministers affirmed their support for shared objectives such as rules-based trade and enhanced collaboration to promote regional economic security and a global clean energy transition.
Minister Ng met with Minister GOTO Shigeyuki, Minister Responsible for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, to discuss ways in which Canada and Japan can work together to uphold CPTPP’s high standards and support rules-based trade.
During her visit, Minister Ng met with representatives of leading Canadian and Japanese businesses in Japan, such as Northland Power, SEGA, Next Mobility, and Sojitz. Minister Ng also took part in a plant tour with Mitsui High-tec, Inc., Inc., a manufacturer that is making essential parts for electric vehicles in Brantford, Ontario and is benefiting from Canada’s strong supply chains.
Minister Ng led the official opening of Canada’s trade office in Fukuoka, where she delivered remarks and met with Canadian and Japanese officials and business leaders to promote the advantages of increased trade between Canada and Japan.
“We know that one of the biggest keys to Canada’s economic resilience is the success of women-owned and women-led businesses. That’s why the Government of Canada is committed to not only creating tailored supports for women-run businesses at home, but opening the doors of rules-based trade so that they can bring their innovative products and services to the wider world. Today’s trade mission to Japan is building on the successes of past missions and doing just that and I look forward to seeing the Canadian innovation that comes out of these new collaborations.”
- Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development
Japan is Canada’s fourth-largest merchandise trading partner.
Despite the impact of the COVID-19 pandemic, Canada’s merchandise exports to Japan in 2021 climbed to above pre-pandemic levels to reach a value of $14.5 billion, an increase of 15.7% when compared to that of 2020.
Strengthened by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Canada’s major exports to Japan include mineral, agricultural, forestry and energy products. Canada’s leading imports from Japan are vehicles and auto parts, industrial machinery, and electrical machinery and equipment.
Japan is Canada’s largest source of foreign direct investment from the Indo-Pacific region, and fourth globally, totalling $46 billion.
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