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Partnership across the Pacific As Japan and Canada celebrate 80 years diplomatic relations in 2008, we are enjoying an excellent partnership, based on shared values such as freedom, democracy, human rights, the rule of law and market economy. As the most mature democracy and the most advanced market economy in Asia, Japan is the No.1 partner in the region which Canada can count on.
Global and Regional Cooperation to Ensure Peace and Prosperity To ensure peace and prosperity in the region and in the world, Japan and Canada work together through international institutions such as the UN, G8, ARF, WTO, and APEC. Japan and Canada are also parties to other international agreements and forums in such areas as arms control, disarmament, non-proliferation, economy and the environment. In July 2008 Japan will host the G8 Hokkaido Toyako Summit, where Japan and Canada intend to collaborate on such issues as global warming and development in Africa. Bilateral high-level consultations and exchanges are also growing. Japan and Canada collaborate in the area of peace and security, such as in UN Peacekeeping Operation in the Golan Heights and in the fight against terrorism in Afghanistan. Canada's expertise and experience give an impetus to Japan's policy development, notably its recent initiative on Human Resource Development in Asia for peace-building.
Strong Economic Relationship based on Mutual Benefits Japan and Canada are important economic partners, with significant levels of two-way trade in goods and services, flows of direct and portfolio investments, flows of technology and ideas and movement of people. Japan is the third largest export market (natural resources, agricultural products) and the fourth largest foreign supplier (technology-driven products and telecommunications equipments) to Canada. Japan's direct investment, such as in the car industry of Ontario, employs more than 50,000 Canadians and also exports many of these Made-in-Canada Japanese-brand cars to the U.S. market. In October 2007, the governments of Japan and Canada completed the"Joint Study" Report under "Economic Framework", and moved towards the next phase in the areas of Regulatory Reform, the Asia-Pacific-Gateway, Taxation Treaty, Food Safety, Intellectual Property, Energy, Science & Technology, Air Services, and Telecommunication Mutual Recognition Agreement.
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