More Rumours of Malaysian Free Trade Deal
There have been rumours of a brewing free trade deal with Malaysia for some time now. Currently the DFA is in negotiations with a number of countries including South Korea and Singapore. This report suggests that once there are more resources available to begin negotiations with Malaysia, the two countries will start working out details of a free trade deal.
One can expect bilateral free trade agreements between Canada and smaller Asian countries to steadily increase over the next decade. The trend will be further strengthened if the Asian Free Trade Area (AFTA) works towards unifying member states' trade relations with non-member countries. The current agreement works similarly to NAFTA wherein free trade is enjoyed within the region but each member country independently negotiates trade relations with non-members.