ASEAN, Canada Edge Closer to Concluding Free Trade Agreement ...Middle East

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ASEAN and Canada have edged closer to concluding a free trade agreement (FTA) with Canada officially achieving the strategic partnership status during the ASEAN Summit in late September. Canada has been a dialogue partner to ASEAN since 1977. Negotiations for an ASEAN-Canada Free Trade Agreement (ACAFTA) agreement began in 2021 and is expected to be concluded by 2025. For Canada, ACAFTA presents an opportunity to access the huge Southeast Asia market of over 600 million consumers in addition to a region that is predicted to have the fourth-largest economy in the world by 2030. Canada already has a free trade arrangement with several ASEAN states (Malaysia, Singapore, Vietnam, and Brunei) t

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