1. Economic Ministers from the ten ASEAN Member States and Canada (“the Ministers”) met [virtually] on 29 August 2020 for the 9 th ASEAN Economic Ministers (AEM) – Canada Consultations. The Consultations were co-chaired by H.E. Tran Tuan Anh, Minister of Industry and Trade, Viet Nam and the Honourable Mary Ng, Minister of Small Business, Export Promotion, and International Trade, Canada.
2. The Ministers welcomed the deepening of trade relations between ASEAN Member States and Canada with total two-way merchandise trade reaching USD 20.5 billion in 2019 (according to Canadian statistics). According to Canadian statistics, stock of Canadian foreign direct investment in ASEAN Member States amounted to USD 13.2 billion. Stock of ASEAN foreign direct investment in Canada amounted to USD 396 million.