Minister Ng to travel to Singapore and Brunei to promote Canada’s Indo-Pacific Strategy
News release
February 18, 2025 - Ottawa, Ontario - Global Affairs Canada
The Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, will visit Singapore and Brunei from February 19 to 21, 2025.
While in Singapore, Minister Ng will participate in the third annual Canada-in-Asia Conference. The conference will bring together leaders in business, government, and academia from across Asia and Canada with the goal of increasing collaboration to create jobs and business opportunities, and attract investment.
At the conference, Minister Ng will highlight Canada’s commitment to deepening bilateral trade and economic relations with the Indo-Pacific region, particularly through Canada’s Indo-Pacific Strategy. She will also promote Canada’s globally esteemed nuclear industry during the Canada–Association of Southeast Asian Nations (ASEAN) Business Council Nuclear Energy Capacity Building Symposium. As Singapore looks to enhance its production of reliable clean energy, the symposium will provide ASEAN organizations and officials with the opportunity to learn about Canada’s leadership role and best practices in the nuclear sector.
In Brunei, Minister Ng will accompany a business delegation to explore niche opportunities for Canadian companies, especially micro-, small, and medium-sized enterprises seeking opportunities in smaller Indo-Pacific markets. The Minister will also participate in an energy transition round-table discussion and speak with women leaders working to advance energy innovation and sustainability.
The Minister will also use her time in Singapore and Brunei to meet with her Singapore and Brunei counterparts to discuss trade diversification and shared priorities in the current geopolitical landscape. She will also visit Canadian companies with operations in Brunei and Singapore.
Quotes
“Under our Indo-Pacific Strategy, Canada is committed to diversifying trade and creating opportunities for businesses to succeed in the Indo-Pacific region. The goal is to build a brighter and more prosperous future for Canadians and people of Indo-Pacific nations alike. I look forward to continuing to build on the momentum of the Team Canada Trade Mission to Singapore last fall and to deepening Canada’s commercial ties with Brunei.”
- Mary Ng, Minister of Export Promotion, International Trade and Economic Development
Quick facts
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In 2024, Canada’s merchandise exports to Singapore were valued at $2.2 billion, up 27.0% from 2023, driven by machinery, mineral fuels & oils, and aircraft.
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Canadian merchandise imports from Singapore were valued at $1.45 billion, with electronics, scientific and precision instruments, and pharmaceuticals in the lead.
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In 2023, the value of Canadian direct investment in Singapore was $18.0 billion, and Canada received $7.9 billion in foreign direct investment from Singapore.
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In 2024, bilateral merchandise trade between Canada and Brunei amounted to $8.5 million.
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The Indo-Pacific is Canada’s second-largest regional export market, after the United States, with yearly 2-way merchandise trade valued at $258.7 billion in 2024.
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The Indo-Pacific region is rapidly becoming an increasingly important global centre of economic dynamism and strategic challenge, offering Canadian companies unparalleled opportunities for expansion, market exploration, and strategic partnerships. It accounts for over one-third of the world’s economic activity. By 2030, the region is expected to become home to two-thirds of global middle class. By 2040 it is projected to make up over half of the global economy.
Associated links
- Canada’s Indo-Pacific Strategy
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
- Expanding Canadian trade, investment and jobs in the Indo-Pacific region through Canadian Trade Gateway for Nuclear Development
- Minister Ng strengthens Canada’s trade relationship with Singapore during Singaporean minister’s visit
- Doing business in Singapore
- Canada-Singapore relations
- Doing business in Brunei Darussalam
- Canada-Brunei Darussalam relations
Contacts
Huzaif Qaisar
Press Secretary
Office of the Minister of Export Promotion, International Trade and Economic Development
343-575-8816
Huzaif.Qaisar@international.gc.ca
Media Relations Office
Global Affairs Canada
media@international.gc.ca
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