Updated
Updated · The Associated Press · Jul 3
Canada, Philippines Pursue Free Trade Pact as Carney Targets 2x Non-U.S. Exports
Updated
Updated · The Associated Press · Jul 3

Canada, Philippines Pursue Free Trade Pact as Carney Targets 2x Non-U.S. Exports

3 articles · Updated · The Associated Press · Jul 3

Summary

  • Mark Carney and Ferdinand Marcos Jr. pledged in Vancouver to deepen trade, energy and security ties, including work toward a Canada-Philippines free trade agreement.
  • Carney tied the push to Canada’s effort to reduce reliance on the United States, saying U.S. tariffs are chilling investment and setting a goal to double non-U.S. exports over the next decade.
  • The two leaders also agreed to expand defense and maritime cooperation in the Indo-Pacific, while Carney highlighted opportunities in energy security and critical minerals.
  • Canada is already negotiating trade deals with the Philippines and the wider ASEAN bloc, and Carney wants progress before a November Manila visit during the ASEAN summit chaired by Marcos.

Insights

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