Published • loading... • Updated
Canada says Philippines, ASEAN trade talks 90% complete, eyes November finish
Ottawa says the talks are aimed at diversifying trade and boosting energy and infrastructure investment, with more than five LNG projects on Canada’s Pacific coast.
- Trade Minister Maninder Sidhu announced in Manila on Tuesday that Canada is nearing completion on free trade agreements with the Philippines and ASEAN, more than 90% complete, with both deals targeted for finalization before Prime Minister Mark Carney's November visit.
- These negotiations form part of Ottawa's strategy to diversify economic ties and strengthen supply chains as global uncertainties mount. Sidhu told Reuters, "There's energy from both sides to get a deal done, and that's the most important part."
- Energy remains Canada's primary offering for Southeast Asian economies facing disruptions from the Strait of Hormuz. Canada is funding the Luzon Economic Corridor, a manufacturing hub, and sees opportunities in the Philippines' growing data centre sector.
- Such trade agreements typically encourage companies to pursue new projects and partnerships by signalling government support for closer economic ties. This positions Canada as a key energy and infrastructure partner for the region.
- Sidhu emphasized the push to deepen ties is "not about one particular country," adding, "Plan A was always diversification, regardless of what happens with our partners." The strategy reflects Canada's broader effort to reduce dependency on any single trading relationship.
Insights by Ground AI
4 Articles
4 Articles
Canada says Philippines, ASEAN trade talks 90% complete, eyes November finish
Canada's trade minister said on Tuesday that negotiations on separate free trade agreements with the Philippines and ASEAN are more than 90% complete, with Ottawa pushing to have both deals ready by the time Prime Minister Mark Carney visits Manila in November.
·London, United Kingdom
Read Full ArticleCoverage Details
Total News Sources4
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
To view factuality data please Upgrade to Premium
