Published 58 minutes ago • loading... • Updated 2 hours ago
As Carney Pivots Trade From U.S., Here Are some of Canada’s New Deals
Canada says more than 20 trade and defence agreements signed over the past year are helping expand access to non-U.S. markets.
Prime Minister Mark Carney's government concluded a free trade agreement with the United Arab Emirates in July, advancing efforts to diversify exports and reduce Canada's economic dependence on the United States.
On Saturday, Carney suspended trade negotiations with the United States, citing unacceptable demands restricting Canada's autonomy and calling the U.S. approach a "power play" that became a sovereignty issue.
Speaking Wednesday, International Trade Minister Maninder Sidhu said Canada aims to "double that to over three billion people," noting the country signed more than 20 strategic trade and defence agreements over the past year.
UAE Minister of Foreign Trade Thani al-Zeyoudi called the agreement, reached in 47 days, a "record time" achievement, marking Canada's first bilateral pact with a country in the Association of Southeast Asian Nations.
Conservative MPs criticized the agreements as non-binding and "aspirational," while officials pursue additional trade deals with Mercosur, India, and other partners before year-end.