Russian Trade Mission Planned For June

Canada Russia Trade Deal

First Posted: 03/12/2012 1:06 pm Updated: 03/13/2012 11:35 pm


International Trade Minister Ed Fast is planning a mission to Russia in June, his office confirmed Monday, as it reaches out to businesses to see who is interested in accompanying him.


Fast's mission to Russia would complete visits to each of the high-growth BRIC countries: Brazil, which he hit last summer; India, which got a visit in November 2011; and China, where he led a trade mission in October 2011 and then accompanied Prime Minister Stephen Harper in early February.


The visit to St. Petersburg and Moscow is set for June 3-8 and will be focused on the aerospace sector, as well as building and construction, a spokesman for Fast said. Canadian architects and engineers are already working with their Russian counterparts on projects for the 2014 Sochi Olympic Games, a news release from the Department of Foreign Affairs and International Trade says.


Fast's department is now reaching out to businesses in those sectors to find representatives to join the trade mission.


Although Russia's reputation has been marred by allegations of widespread corruption in both business and politics, the country joined the World Trade Organization in December.


At the time, Fast issued a statement congratulating Russia.


"The Canada-Russia trade relationship is important to us, and Canada has been a strong supporter of Russia’s accession to the WTO," he said in the statement.


"As part of its accession, Russia has committed to the rules that apply to all WTO members and has agreed to undertake a series of important commitments to further open its markets and accelerate its integration into the world economy."


A flyer promoting the trip notes Russia has a "highly educated population of more than 142 million, with an advanced science and technology capacity," as well as substantial resources like natural gas and oil.


Canada exported about $1.5 billion in merchandise to Russia in 2011 and imported almost $1.3 billion.


Canadian trade policy experts worked with Russia's accession team, Fast noted in a speech at the WTO.


Russia is spending 2012 as the chair of the Asia-Pacific Economic Co-operation forum and will host the G20 in 2013.


PUTIN, BERLUSCONI AND MEDVEDEV SHARE LAUGHS
1  of  12
PLAY
FULLSCREEN
ZOOM
SHARE THIS SLIDE 
This picture taken on late March 7, 2012, shows Russia's outgoing President Dmitry Medvedev (R) and newly elected Vladimir Putin (C) meet with former Italian Prime minister Silvio Berlusconi at the Rosa Khutor apline ski resort in Krasnaya Polyana, some 50kms from Sochi on March 8, 2012. Italy's ex-prime minister Silvio Berlusconi flew into Russia for a lavish dinner with Vladimir Putin after his old ally's victory in presidential elections, state television said. (Getty)

FOLLOW HUFFPOST CANADA POLITICS

Filed by Michael Bolen  | 
 
 
  • Comments
  • 8
  • Pending Comments
  • 0
  • View FAQ
Comments are closed for this entry
View All
Favorites
Recency  | 
Popularity
This user has chosen to opt out of the Badges program
04:17 AM on 03/13/2012
Does Putin own any shirts?
This user has chosen to opt out of the Badges program
11:05 AM on 03/13/2012
Au naturel is better yanno !
HUFFPOST SUPER USER
Nate35
12:51 AM on 03/13/2012
Putin's excited for all the animals in Canada he can be photographed shooting half-naked. As it is, I don't see why relations have to be frosty with Russia. Yah, they're "managed" by an outright weirdo, but as far as big dysfunctional countries go they're not so bad. Sure, they beat up on Georgia and sell arms to all the wrong people, but if attacking little countries and arming the world's sadists was cause for isolation nobody would trade with anyone but Canada and the Scandinavians.
photo
HUFFPOST SUPER USER
Warren Yuill
Jesus Built My Hot-Rod
05:52 PM on 03/12/2012
There's a man who leads a life of danger
To everyone he meets he stays a stranger
With every move he makes, another chance he takes
Odds are he wont live to see tomorrow

Secret....agent man
Secret ...agent man
They've given you a number
And taken away your name.



.
This user has chosen to opt out of the Badges program
photo
08:34 AM on 03/13/2012
Great body, thou..
Your ballad, not so much.
Just you watch him from now on and learn.
photo
Add In Canadia
Egotism is a weakness
05:51 PM on 03/12/2012
Better to be friends than enemies, hope Canada continues to be viewed as the 'nice guy' on the international stage; which means softening the rhetoric on Israel and not following the US into it's imperialistic military goals. We're still patching up the damage we did to ourselves in Afghanistan, we don't need to repeat that experience.

Still, I'm still concerned that Canada will end up being dragged along into a war between Israel and Iraq; feels like everyone has a really itchy finger on the war button, and our government hasn't done much to assure us that we won't be throwing lives away in such a conflict.
12:38 AM on 03/13/2012
The Republicans are the war mongers ready to start war with Iran anytime. I wish the US heard Canadian leadership condemning war rhetoric.

Republicans = Imperialism
HUFFPOST SUPER USER
Nate35
12:44 AM on 03/13/2012
Imperialism would be nice, then we'd invade places based on national best interest. As it is, Republicans = war, because figuring things out is hard.