Canada - Japan Economic Framework
Attachment II
TERMS OF REFERENCE
OF THE JOINT STUDY
1. In January 2005, the
Prime Ministers of Canada and Japan determined that the two
countries would conduct a joint study with the following aims:
a. to examine the
benefits and costs of further promotion of trade and investment, as
well as other cooperative issues between the two countries;
b. to identify and describe the current status of the bilateral
economic relationship, including the identification of areas for
further development;
c. to consider the possibility of pursuing various cooperative
bilateral trade and economic initiatives to reenergize the
relationship; and
d. to give appropriate consideration to the interests of the private
sector.
2.
The structure of the Joint Study will be as follows:
a.
Introductory section to address the overall purpose of the Joint
Study: Examining the benefits and costs of further promotion of
bilateral trade and investment, as well as other cooperative issues
between the two countries;
b.
Examination of Canada-Japan economic relations in the context of
bilateral, regional and multilateral initiatives;
c.
Report on past and present trends in the bilateral economic
relationship;
d.
Summary of areas of current collaboration, such as
i.
Existing structures, including the Joint Economic Committee, the
1976 Canada-Japan Framework for Economic Cooperation, the 1986
Canada-Japan Agreement on Cooperation in Science and Technology and
the 1999 regulatory cooperation arrangement;
ii.
Private-sector initiatives; and
iii.
Priority areas of cooperation based on the 2005 Canada-Japan
Economic Framework;
e.
Examination of existing measures limiting the full potential of
trade and investment;
f. Examination of the benefits and costs of further promotion of
bilateral trade and investment, as well as other cooperative issues
between the countries, including the assessment of the implications
of further trade and investment liberalization and related policy
instruments; and
g.
Summary of findings.
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