Sign up | Log in



Home  >>   Daily News  >>  Brunei  >>Trade>>Brunei-Canada trade at US$17m
NEW UPDATES Asean Affairs  22 October  2015  

Brunei-Canada trade at US$17m

TRADE between Brunei and Canada reached US$17.8 million in 2014, according to Canada’s Department for Foreign Affairs, Trade and Development.

Despite this modest trade volume, there are a number of Canadian companies active in the market with investment projects in sectors such as aviation and pharmaceuticals, the department said in a market outlook report for 2015-2017.

Brunei’s imports from Canada comprised mostly aerospace products, machinery and equipment, while its export to the North American country was mainly methanol.

The department named the sultanate as a “priority emerging market” under Canada’s Global Markets Action Plan, saying the country’s stable political climate, combined with its regional air connections and strong telecommunication infrastructure, making it an attractive regional hub.

The report identified key sectors where there are opportunities for investment, including aviation, halal product manufacturing, education, ICT and sustainable technologies.

In 2014, the Canadian aviation firm, CAE, opened an integrated training facility in Rimba as part of a joint venture with the Brunei government. The centre aims to be a regional hub in civil and defence aviation training, particularly for emergency management as well as oil and gas operators.

The centre represents one of the highest non-oil and gas investments in Brunei, valued at over US$100 million.

The department said the local aviation industry remains highly-regulated and underdeveloped, resulting in “extremely long processing and approvals”.

“While Brunei has the infrastructure and well-equipped industrial hangars for large-scale maintenance, repair and operations, the lack of skilled and qualified technicians and professionals means that these facilities are not being used to capacity,” the report read.

“Despite these challenges, Brunei is committed to nurturing this sector, which should allow Canadian companies to remain active and take advantage of opportunities in this traditionally important sector.”

Another Canadian company, Viva Pharmaceuticals, partnered with private equity fund Aureos (Brunei) Capital Sdn Bhd and a group of local investors to create the $26 million drug manufacturing plant, Simpor Pharma, in 2012. The facility was established to produce halal pharmaceutical products for export to Muslim markets in Asia.

Business Monitor International said although Brunei’s pharmaceutical sector is still in its infancy, it possesses “huge potential for growth and development”.

According to research firm, the sector was valued at US$100 million in 2013 with a compound annual growth rate of nine per cent over the next five years.

The department added that the conclusion of the Trans Pacific Partnership will bring more opportunities for growth between the two countries, as barriers to trade and investment will be eliminated.

In the report, the department stressed that foreign direct investment remains the key to Brunei’s economic diversification, with the plunge in global oil prices leading the economy to contract in 2014.

“Brunei’s government revenues will continue to be almost entirely dependent on oil and gas over the near-to mid-term future… Industry watchers caution that remaining oil and gas reserves in the country are limited and new offshore deposits will be more costly to extract than those currently in production,” the department said.

“Since the revenues from this industry fund economic activity in other sectors, including infrastructure, defence, aerospace and life sciences, there is concern that falling oil revenues could cause stagnation of the entire economy in the longer term.”--The Brunei Times

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           October 22 , 2015 Subsribe Now !
• Rice quality key to export growth Subcribe: Asean Affairs Global Magazine
• AMBD: Financial sector to contribute more towards GDP
• Brunei-Canada trade at US$17m
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Inalum, Antam encouraged to buy Freeport shares
Vietnam Debates the Trans-Pacific Partnership
Asean Analysis                   October 22, 2015
• Asean Analysis October 22, 2015
Climate justice advocates call for fair shares,fair deal and fair process
Advertise Your Brand

Asean Stock Watch  October 22,   2015
• Asean Stock Watch-October 22, 2015
The Biweekly Update
• The Biweekly Update October 16, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand