FOR IMMEDIATE RELEASE
The Canadian Chamber of Commerce in Hong Kong and the Asia Pacific Foundation of Canada Sign MoU Deepening Canada-Asia Ties
HONG KONG, February 27, 2019 – The Canadian Chamber of Commerce in Hong Kong and the Asia Pacific Foundation of Canada (APF Canada) signed a Memorandum of Understanding (MoU) to establish a strategic partnership on February 27th, 2019 at APF Canada’s Asia Business Leaders Advisory Council annual meeting in Hong Kong.
Signed by Todd Handcock, Chairman of The Canadian Chamber of Commerce in Hong Kong (CanChamHK), and Stewart Beck, President and CEO of APF Canada, the MoU will enable each of the organizations to leverage their respective strengths in order to advance Canada-Hong Kong and Canada-Asia economic, trade, and research co-operation and exchange. Highlights of the MoU include a commitment to information exchange on policy and market developments, collaboration on policy and advocacy initiatives, supporting APF Canada’s Asia co-op programming, sharing of best practices, and amplifying the voice of the Canadian business community in the region.
“By helping Canadian businesses in Canada expand their horizons so that they are better equipped to enter Asian markets, this agreement complements our mandate to build Asia skills and competencies among Canadians and improve Canadians’ general understanding of Asia,” explained Mr. Beck, President and CEO of APF Canada. “I look forward to deeper collaboration with our partners at CanChamHK as we work toward the common goal of supporting enhanced Canada-Asia engagement.”
“With initiatives such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) coming into force giving Canadian companies preferential access to key markets in Asia and the Greater Bay Area Plan, the Canada-Asia relationship is now more important than ever, especially to those who are leveraging Hong Kong’s position as a vital hub in Asia,” said Mr. Handcock, Chairman of CanChamHK. “This MoU will give Canadian Chamber members greater access to a wider network of contacts and business intelligence resources needed to deepen their integration into the regional economy. We look forward to working together to benefit businesses in Canada and Asia.”
About The Canadian Chamber of Commerce in Hong Kong
Founded in 1977, the Canadian Chamber of Commerce in Hong Kong is one of the largest Canadian business organizations outside of Canada. The mission of the Chamber is to connect members with one another and with other members of the business network in Hong Kong in order to expand their opportunities so that their businesses and careers thrive. Open to Canadian and non-Canadian members, the Chamber represents businesses of every size from across the widest spectrum of industries. Its members include senior executives of multinational corporations, small and medium-sized companies, as well as government officials, business professionals, educational professionals, young leaders and entrepreneurs.
About the Asia Pacific Foundation
The Asia Pacific Foundation of Canada is a not-for-profit organization focused on Canada’s relations with Asia. Our mission is to be Canada’s catalyst for engagement with Asia and Asia’s bridge to Canada. APF Canada is dedicated to strengthening ties between Canada and Asia with a focus on expanding economic relations through trade, investment and innovation; promoting Canada’s expertise in offering solutions to Asia’s climate change, energy, food security and natural resource management challenges; building Asia skills and competencies among Canadians, including young Canadians; and, improving Canadians’ general understanding of Asia and its growing global influence.
A leader in research and analysis on Canada-Asia relations for over thirty years, the Foundation is well known for its annual national opinion polls of Canadian attitudes regarding relations with Asia, including Asian foreign investment in Canada and Canada’s trade with Asia. The Foundation places an emphasis on China, India, Japan and South Korea while also developing expertise in emerging markets in the region, particularly economies within ASEAN.
Notes to Editors:
For enquiries please contact: Sophia Chan-Combrink
The Canadian Chamber of Commerce in Hong Kong