Expanding Canadian trade, investment and jobs in the Indo-Pacific region through Canadian Trade Gateway for Nuclear Development

From: Global Affairs Canada

News release

November 21, 2024 - Ottawa, Ontario - Global Affairs Canada

At the Asia-Pacific Economic Cooperation (APEC) Leaders’ Summit last week in Lima, Peru, Prime Minister Justin Trudeau announced Canada’s vision to strengthen nuclear partnerships in the Indo-Pacific region through the Canadian Trade Gateway for Nuclear Development. Today, the Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, highlighted this exciting milestone in the implementation of Canada’s Indo-Pacific Strategy (IPS).

As a world leader in the nuclear sector, Canada has an important role to play in sharing its expertise, know-how and best practices to help the Indo-Pacific region meet its climate and energy security goals and ensure the highest levels of safety, security and non-proliferation are upheld. This is why the gateway will focus on a sector where Canada’s expertise can respond to the region’s evolving needs and deepen Canadian relationships with local stakeholders.

The gateway will also increase opportunities for Canadian businesses working in the nuclear industry to grow their engagement in the region, creating good, well-paying jobs. It will also strengthen commercial and investment ties between the economies of Canada and Indo-Pacific countries.

Quotes

“The Canadian Trade Gateway for Nuclear Development will open doors for Canadian companies to do more business in the Indo-Pacific region and deepen our relationships with the economies involved. I look forward to seeing Canadians share our world-class nuclear expertise to help those in Indo-Pacific economies develop their own skills and knowledge.”

- Mary Ng, Minister of Export Promotion, International Trade and Economic Development

Quick facts

  • Launched in November 2022, Canada’s IPS is creating opportunities to expand trade and investment, grow good jobs and build supply-chain resilience.

  • The Indo-Pacific is Canada’s second-largest export market, after the United States, with annual 2-way merchandise trade valued at $257 billion in 2023.

  • Announced as part of the IPS in 2022, the gateway will help strengthen Canada’s nuclear partnerships in the region, develop local expertise and facilitate knowledge sharing in the nuclear sector. It will also identify opportunities for Canada’s industry to meet regional needs, including through round tables, symposiums and other engagement events.

  • The gateway will work in concert with regional partners, such as the Canada-ASEAN (Association of Southeast Asian Nations) Business Council, industry partners, such as the Canadian Nuclear Association, Organization of Canadian Nuclear Industries and Canadian Nuclear Isotope Council, and post-secondary institutions, including leading members of the University Network of Excellence in Nuclear Engineering.

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Contacts

Huzaif Qaisar
Press Secretary
Office of the Minister of Export Promotion, International Trade and Economic Development
343-575-8816
Huzaif.Qaisar@international.gc.ca

Media Relations Office
Global Affairs Canada
media@international.gc.ca

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