Carney, Marcos deepen Canada-Philippines ties as Ottawa looks beyond US trade
Summary
Canadian Prime Minister Mark Carney and Philippine President Ferdinand Marcos Jr. agreed to strengthen trade, energy, and security cooperation between their countries. Canada aims to reduce its economic dependence on the United States by deepening ties with the Philippines and the broader Indo-Pacific region.Key Facts
- Prime Minister Mark Carney and President Ferdinand Marcos Jr. met in Vancouver to discuss closer relations.
- Both leaders want to create a free trade agreement between Canada and the Philippines.
- They plan to enhance defense and maritime cooperation in the Indo-Pacific area.
- Canada is negotiating trade deals with the Philippines and other Southeast Asian countries.
- The Filipino community in Canada numbers about one million and supports these ties.
- Canada aims to double its exports to countries other than the U.S. within ten years.
- Tariffs imposed by the United States have reduced investment interest in Canada.
- President Marcos will chair the Association of Southeast Asian Nations (ASEAN) summit in Manila later this year.
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