Canada has become an official observer in the fledgling Pacific Alliance trading bloc, a signal it wants to get involved quickly with a new group that intends to forge trade links between Latin America and Asia.
The Alliance, just formed officially in June, groups together four countries that string down the west of Latin America – Mexico, Colombia, Peru, and Chile – who intend to strike new trade deals with Asia.
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BANGALORE, India- Stephen Harper’s first call to U.S. President Barack Obama since his re-election earlier this week was a combination of warm congratulations and neighbourly concern over the fiscal state of affairs across the border.
The prime minister placed the 10-minute call from India where he is at the tail end of a six-day tour.
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While turmoil abounds in Europe and Germany resists writing off Greek debt and previous holders of Greek debt squawk about taking a second haircut, Moodys actually upgraded the Philippines. The Indian market has a Double top and looks more like the early stages of Japan in the mid ’80s preparing for an explosive rally. As the West is melting down, Asia is starting to rise its head above the fray. Even in Singapore real estate has continued to boom where the government has demonstrated it is willing to think out of the box and adopt some of the most practical management tools of any country on the planet.
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It is an Asian economic powerhouse and its corporations, bolstered by a strong currency, are in the midst of an unprecedented $100-billion (U.S.) foreign acquisition spree.
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With a newly-appointed Asia Advisory Council, the province is getting ready to expand economic and cultural relations with Asia.
Billed as a critical part of the province’s plan to expand market access to ensure continued prosperity for the province’s export-based economy, the move comes on the heels of American criticism of Alberta links to China as Chinese state-owned energy giant CNOOC makes a $15-billion bid for Calgary-based Nexen.
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