Canada
Singapore and Canada share longstanding and robust economic relations, underpinned by strong trade and investment flows, as well as extensive business links. We are connected through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Last updated on 12 November 2026
Singapore-Canada Economic Relations
PM Lawrence Wong and Canadian PM Mark Carney during the latter’s working visit to Singapore on 29 October 2025.
Singapore’s strong ties to the Southeast Asian and Asian markets continue to attract Canadian investors to use Singapore as a launchpad to access Asia.
Singapore and Canada are connected through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) since 2018, which improves market access to Canada and deepens our economic engagement.
Recent high-level engagements, including a visit by Canadian Prime Minister Mark Carney to Singapore, provide a good basis to further deepen our bilateral economic ties.
Plurilateral Agreements involving Canada
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The CPTPP Agreement contains commitments aimed at easing and growing trade and investment among its members. This includes eliminating tariffs on 94 to 99% of trade in goods, reducing non-tariff barriers, easing services and investment regulations, and establishing digital trade rules, among others. The CPTPP members collectively represent approximately 15% of global GDP.
International Platforms involving Canada
Asia-Pacific Economic Cooperation (APEC)
The Asia-Pacific Economic Cooperation (APEC) forum comprises 21 Asia-Pacific economies. It was established in 1989 in response to the growing interdependence among Asia-Pacific economies and the advent of regional trade blocs in other parts of the world. Its primary purpose is to promote economic growth and prosperity in the Asia-Pacific region. Singapore was a founding member alongside 11 other economies.