Canada, Brazil announce $540M for rainforest protection project
Ottawa is continuing talks for a trade deal with ASEAN, while Canada also has deeper agreements with Indonesia and the Philippines.
Prime Minister Mark Carney has concluded a brief visit to the Philippines, where he attended an Association of Southeast Asian Nations summit and announced funding for rainforest protection. Trade Minister Maninder Sidhu stated that Canada is presenting "certainty to the world" and announced the conclusion of free-trade negotiations with the Philippines.
The $540 million announced for rainforest protection is part of a larger $6 billion fund promised by Canada this spring to support climate finance. Sidhu also expressed confidence for Canadian pork producers, stating that Canada is not the culprit in a global safeguards investigation into pork imports. Carney met with Brazilian President Luiz Inacio Lula da Silva on the sidelines of the summit and announced the rainforest protection initiative, with Lula describing it as an investment and not "donations, money for free."
The Canadian trade minister suggested further talks with Brazil on a trade deal, noting that Canada has a $15 billion trade relationship with Mercosur.
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