Canada Sets Sights On ASEAN Amid Push To Double Non-US Exports By 50 Pct

KUALA LUMPUR, 26 Oct (Bernama) — Canada expects a substantial share of its planned 50 per cent increase in non-US exports over the next decade to come from deeper economic ties with the Association of Southeast Asian Nations (ASEAN), said Canadian Prime Minister Mark Carney.

Carney said on Oct 22 that Canada intends to double its non-US exports by 2035, which would generate CAD300 billion (USD214.4 billion) more in trade. Therefore, Canada is looking to conclude a Comprehensive Free Trade Agreement (ACAFTA) with ASEAN by next year.

“I have met with Malaysian Prime Minister Datuk Seri Anwar Ibrahim, who is the chairman of ASEAN 2025, as well as Philippine President Ferdinand Marcos Jr, who will be the chairman next year… and we will pursue a series of bilateral Free Trade Agreements (FTAs) and accelerate them.

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