For immediate release
Report on the trip to Asia of Linda Lapointe, MP for Rivière-des-Mille-Îles
BOISBRIAND, March 22nd 2018 – Mrs. Lapointe reviews her trip to Asia as part of her role on the Standing Committee on International Trade.
From February 23 to March 3, Mrs. Lapointe and several of her colleagues on the Committee traveled to three Asian countries, namely Malaysia, Thailand and Singapore. The purpose of the trip was to explore trade opportunities under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as well as to explore other economic opportunities with Canada.
“It was a very busy and very productive trip. We had the chance to talk with several economic actors, as well as with elected counterparts. In fact, we visited a number of companies,” says Mrs. Lapointe. Parliamentarians were able to visit Canadian companies located in this region. In Singapore, they visited CAE, an innovative Montreal-based aviation company known for their flight simulators, and Vector Aerospace, a Toronto-based global provider of aviation maintenance and repair services.
South Asia Pacific is a dynamic region with nearly 500,000 people. Mrs. Lapointe mentions the great difference between the three countries visited: “we sometimes imagine that some countries in this region may look alike, but I noticed a great heterogeneity especially in terms of average income per capital, here are the figures that I noted: Singapore $88,000, Malaysia $14,000 and Thailand $5,000”. By comparison, Canada has a capital income of approximately $50,000.
The economic growth of this region is considerable, therefore the relevance of analyzing business opportunities with Canada. Advanced technology and innovation are growing incredibly well in these countries, but this is also the case here in Canada. “On a number of occasions, we have had the remark that Canada is recognized in these countries for the quality of its products. The “Canada” brand has an excellent reputation, ” recalls Mrs. Lapointe.
“Besides, they know our universities well. According to the comments we received, we could do more to promote them ” adds Lapointe.
For Mrs. Lapointe, there is clearly a business opportunity for Canadians in this part of the world. “I think we could both be winners. Canada should seize the opportunity to invest in South Pacific Asia, but also to attract investors here, “she says.
Caroline Lachance, Constituency assistant
Office of the MP for Rivière-des-Mille-Îles
T.: 450-420-5525 | firstname.lastname@example.org