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Canada and Philippines to strengthen trade and energy security ties
AP News • • world
Key Points:
- Canadian Prime Minister Mark Carney and Philippine President Ferdinand Marcos Jr. committed to enhancing trade, energy, and security cooperation as Canada seeks to diversify its economy beyond the U.S. and expand its Indo-Pacific engagement.
- Both leaders emphasized the importance of Filipino-Canadians and the potential for collaboration in energy security and critical minerals through a strategic partnership.
- They pledged to pursue a Canada-Philippines free trade agreement, increase defense and maritime cooperation, and strengthen economic ties supported by Canada's large Filipino community.
- Canada is negotiating trade deals with the Philippines and a broader Southeast Asian bloc, aiming to finalize agreements before Carney's visit to Manila in November for the ASEAN summit chaired by Marcos.
