Japan’s Prime Minister Shinzo Abe will visit Canada from April 27 to 28, 2019. Japan has the world’s third-largest national economy and the Canadian government considers Japan to be one among Canada’s most significant economic and commercial partners.
Trade and economic relations are steady increasing. Canada exports to Japan totalled $12.9 billion in 2018 and included canola, coal, copper ores, pork lumber and wheat. Imports from Japan reached $16.8 billion and included cars, car parts, industrial machinery, and information and communications technologies.
Canada and Japan both signed the TPP
This visit will concentrate on the forthcoming G20 Summit in Osaka and finding ways in which to strengthen the connection between the two countries. Canada and Japan are part of the Trans-Pacific Partnership which the government says is already creating new opportunities and jobs for people on both sides of the pacific ocean.
Canada’s largest trading partner, the U.S. has not signed on to the TPP, nor has it ratified the new trade agreement between it and canada. The united states has obligatory tariffs on Canadian steel and aluminium, and trade difficulties between the two countries have highlighted the need for Canada to seek more trade with other countries.
The government says there are strong ties between Japan and Canada noting there are over 120,000 people of Japanese origin living in Canada and about 300,000 Japanese and Canadians travel to each other’s country every year.
