(CTV)
Ottawa has dropped the ball on trade opportunities in Asia, developing a reputation as a player that shows up but isn’t serious about the game, according to a new report.
Dr. Wendy Dobson, of the Institute for International Business at the University of Toronto’s Rotman School of Management, authored the report on behalf of the Canadian Council of Chief Executives and the Canada China Business Council.
“Canada has a reputation in Asia of showing up there but not being serious about establishing long-term relationships,” states the report. “This was not always the case.” In the past, Dobson writes, Ottawa built strong, lasting trade relationships with Japan and China, and contributed to aid programs in developing economies such as India, Malaysia and Thailand.
That strategy has been replaced by a piecemeal approach, she wrote, noting that Canada has also distanced itself from the discussion around political security, which is damaging to traditional trading partners such as Japan. Read more here.