Published 2 hours ago • loading... • Updated 1 hour 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.
Carney suspended trade negotiations with the United States on Saturday, citing unacceptable demands that restricted Canada's autonomy and calling the U.S. approach a "power play."
International Trade Minister Maninder Sidhu said "we won't let another country tell us who we can and who we can't negotiate with," as Canada 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 deal with an Association of Southeast Asian Nations country.
Conservative MPs criticized the agreements as non-binding and "aspirational," while the government pursues additional trade deals with Mercosur and India before year-end.