ASEAN Canada Economic Cooperation Agreement (ACECA)

Course summary ASEAN Canada Economic Cooperation Agreement (ACECA):

Canadian merchandise exports to ASEAN Brunei Darussalam, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Cambodia, Indonesia and Laos

The ASEAN Canada Economic Cooperation Agreement (ACECA) provided for industrial and commercial cooperation in addition to technical cooperation. It also established the ASEAN-Canada Joint Cooperation Committee (JCC) to promote and review the various cooperation activities envisaged between ASEAN and Canada.

The total trade between ASEAN and Canada stood at US$ 9.03 billion in 2009. As for foreign direct investment (FDI), the inflow from Canada to ASEAN Member States was US$ 310 million in 2009, accounting for 0.8% of total FDI in the region.

- Canadian merchandise exports to ASEAN were $4.7 billion.
- Canadian merchandise imports from ASEAN reached $9.8 billion.
- Service exports to the ASEAN countries (Brunei Darussalam,  Myanmar, the Philippines, Singapore, Thailand, Vietnam, Cambodia, Indonesia, Malaysia and Laos PDR) were estimated at $1.2 billion in 2006, while service imports from those countries were estimated at $1.8 billion.

ASEAN and Canada are working towards the conclusion of the ASEAN-Canada Trade and Investment Framework Arrangement (TIFA) to enhance trade and investment relations.

Example of the course ASEAN Canada Economic Cooperation Agreement (ACECA):

Master International Business for Canadian Students

Topic: Globalization and regionalization