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February 10, 2022

Canada-ASEAN Trade Deal Critical Pivot for Wider Economic Engagement in the East

  • As Canada frames its new Indo-Pacific strategy, a Free Trade Agreement (FTA) with the Association of Southeast Asian Nations (ASEAN) should be at its centre, according to a new report from the C.D. Howe Institute.
  • Authors Dan Ciuriak, Lucy Ciuriak, Ali Dadkhah, Yingkang Lyu and Yun Wen outline the benefits of a renewed economic engagement in the region, which could bring significant income gains for Canada and set the stage for broader entry into the region’s markets.
  • The study details the considerable economic opportunities to be gained by the Canadian economy through a new agreement with ASEAN. While Canada has a history of under-trading in the region, in the scenarios modelled, Canada would reap the benefits and could see potential bilateral trade increases of up to $4.3 billion, real GDP gains of 0.03 percent, income gains of $2.1 billion (the equivalent of up to $200 per year for a family of four), as well as net job creation on the order of 2-3 thousand.
Dan Ciuriak

Dan Ciuriak is Fellow in Residence with the C.D. Howe Institute. He also holds fellowships with the Centre for International Governance Innovation (Waterloo) and  the Asia Pacific Foundation of Canada (Vancouver) and is Director and Principal, Ciuriak Consulting Inc. (Ottawa).

Lucy Ciuriak is an Associate with Ciuriak Consulting Inc.

Ali Dadkhah

Ali Dadkhah is a practising lawyer and a member of the British Columbia Bar. He obtained a Masters in International Law and Economics in 2012 from the World Trade Institute, University of Bern, Switzerland.

Yingkang Lyu

Yingkang Lyu is an Economist and Modeler with Infinite-Sum Modeling.

Yun Wen

Yun Wen is a Senior Economist in Infinite-Sum Modeling.