Canada, Philippines conclude negotiations for free-trade agreement, aiming for 2027
Canada is also pursuing a broader trade agreement with the ASEAN bloc, which includes the Philippines and 10 other countries such as Thailand.
Prime Minister Mark Carney of Canada and Philippine President Ferdinand Marcos Jr. concluded negotiations for a free-trade agreement during the Association of Southeast Asian Nations summit in Manila. The deal, expected to be signed in 2027, aims to boost economic ties between the two nations and the wider ASEAN bloc, which includes nearly 700 million people.
Both leaders signed a document formalizing the end of the negotiations, which began over a year ago. Canada is pursuing broader trade agreements with the ASEAN bloc to achieve its goal of doubling exports to non-U.S. countries by 2035. The ASEAN summit, which involves 20 heads of government, provides an opportunity for Carney to emphasize Canada's strategic importance in the region.
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