Mr Trudeau is seeking to position Canada as “a destination of choice for investment opportunities”. Read more at straitstimes.com.
SINGAPORE - Canada’s Prime Minister Justin Trudeau will make a working visit to Singapore on Sept 7 and 8, Prime Minister Lee Hsien Loong’s office announced on Wednesday.A statement from Mr Trudeau’s office described Singapore as “an important partner under Canada’s Indo-Pacific strategy”.
While in Singapore, Mr Trudeau will “strengthen bilateral relations, particularly by promoting Canadian exports and positioning Canada as a destination of choice for investment opportunities”. The Canadian prime minister’s office said Singapore was Canada’s largest destination in South-east Asia for Canadian direct investment abroad, estimated at US$28 billion in 2022.Bilateral merchandise trade between Canada and Singapore rose 28 per cent in 2022 to US$2.9 billion from a year earlier.
Canada’s merchandise exports were US$1.5 billion, and Canadian merchandise imports from Singapore totalled US$1.3 billion. Mr Trudeau’s working visit to Singapore comes after he participates in the Asean Summit in Jakarta from Sept 5 to 6.
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