The two leaders discussed ways to advance Canada-Japan trade relations, expressing a commitment to completing a Joint Study on the feasibility of a bilateral economic partnership agreement next month and working toward launching negotiations. Leaders also agreed to consult closely and exchange views on the Trans-Pacific Partnership (TPP), which is a grouping of Asia-Pacific countries negotiating a regional free trade agreement. Both countries signaled at the APEC Summit in Honolulu that they would enter into consultations with countries concerned towards participation in TPP.
The leaders also discussed the progress being made on market access for Canadian beef, in particular Japan's review of its import policy using a science-based approach.
Both Prime Ministers reviewed the urgent challenges to the world economy, including in the Eurozone, and the need to restore confidence and stimulate economic growth. Both agreed that the G-20’s Cannes Action Plan for Jobs and Growth is a significant milestone and is key for addressing short-term vulnerabilities and strengthening medium-term foundations for growth. They underscored that the focus now must shift to implementation.
Finally, the Prime Ministers agreed to explore enhanced security cooperation between Canada and Japan.