CPTPP partner: Brunei
- Brunei offers Canadian investors and exporters a potential hub for trade and investment activities in the Association of Southeast Asian Nations (ASEAN) region.
- The Brunei government is keen to attract foreign investment and encourage the development of non-energy sectors.
- Brunei provides a strong telecommunication infrastructure and welcoming environment for new investors.
Canada-Brunei trade snapshot
Top Canadian Exports to Brunei (2016-2018 average, $CAD)
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Canada's Top Exports to Brunei (2016-2018 average, $CAD)
- Total value of exports to Brunei: $6,000,000
- Aerospace: $3,100,000
- Industrial machinery: $886,000
- Electronic and electrical machinery and equipment: $816,000
- Agricultural products (soybeans): $563,000
- Chemicals and plastics: $173,000
Key facts and figures
Canada-Brunei trade
- Canadian merchandise exports: $6.0 million (2015-2017 average)
- Canadian merchandise imports: $4.0 million (2015-2017 average)
- Two-way services trade: no statistics available
Canada-Brunei tourism
- In 2016, Canada welcomed 530 visitors from Brunei.
- 4,100 Canadians travelled to Brunei in 2015.
Canada’s top merchandise imports from Brunei (2015-2017 average)
- Chemicals and plastics: $3.2 million
- Agricultural products (miscellaneous food preparations): $514,000
- Textiles and apparels: $105,000
- Fish and seafood: $37,000
- Miscellaneous industrial products: $26,000
Canada’s top merchandise exports to Brunei (2015-2017 average)
- Aerospace: $3.1 million
- Industrial machinery: $886,000
- Electronic and electrical machinery and equipment: $816,000
- Agricultural products (soybeans): $563,000
- Chemicals and plastics: $173,000
How the CPTPP helps Canada-Brunei trade and investment
- The CPTPP provides a rules-based trading environment and establishs duty-free access for trade in goods, eliminating tariffs for key Canadian exports including:
- agricultural goods:
- food preparations used in the manufacturing of alcohol (tariff of $250/decalitre be eliminated within 11 years) and
- instant coffee (tariff of 5% eliminated with)
- forest products and value-added wood products:
- lumber (tariffs of 20% eliminated upon entry into force)
- oriented strand board (tariffs of 20% eliminated upon entry into force) and
- builders’ joinery wood and wood carpentry (tariffs of 20% eliminated upon entry into force)
- industrial products:
- parts for construction equipment (tariffs of up to 20% eliminated by 2025) and
- make-up and skin care products (tariffs of up to 50% eliminated by 2025).
- In addition, Canada’s fish and seafood exports continue to enjoy duty-free access to Brunei.
- On investment, the CPTPP allows Canadian companies to invest with greater confidence in Brunei, offering them protections from unfair and discriminatory treatment, greater predictability, and transparency.
- Through the CPTPP, Canadian service providers benefit from improved access commitments in key sectors, such as:
- environmental services and
- services related to mining.
- New commitments on the temporary entry of business people make it easier for certain categories of Canadian business people to temporarily work in Brunei, including business visitors, installers, servicers and certain high-skilled professionals.
- The CPTPP sets a strong standard for intellectual property protection and enforcement.
- Suppliers of goods or services gain access to new government procurement opportunities, supported by open, fair, and transparent processes when bidding on
- The CPTPP provides enforceable provisions on labour and environment.
- agricultural goods:
Sectoral opportunities in Brunei
- Agriculture and processed food
- Brunei food businesses are gradually expanding their brands and are now seeking new suppliers, particularly in the functional health food, seafood, and frozen food categories.
- There is strong interest from Brunei in halal products, permitting opportunities for companies with expertise in this specialized market.
- Education
- There is an increased interest in Canada as a study destination and a partner of choice in research and collaboration.
- Information and communications technology
- There are opportunities related to building a data centre infrastructure and improving existing education technology, as well as retail and finance technology and verticals.
- Brunei is expanding into a halal and Islamic finance hub, and it is anticipated that opportunities in the Islamic financial platform, systems and innovations will emerge.
- Clean tech and infrastructure
- There is a strong demand for waste management infrastructures and waste to energy technologies for the oil and gas industry.
- Aerospace
- Opportunities exist in maintenance, repair and overhaul services, training and capacity building aimed at prolonging the life cycle of existing assets.
- There is also an urgent need for air traffic control training due to the limited number of air traffic controllers in the country, 50% of which are expected to retire within five years.
- Oil and gas
- There are potential business opportunities in refurbishing or revamping aging brownfield infrastructures.
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