Talking Points<\/p>\n
On July 2, Prime Minister Mark Carney announced a new strategic partnership with the Philippines during President Ferdinand Marcos Jr.’s visit to Vancouver, aimed at enhancing bilateral cooperation in trade, particualrly the export of forest products.<\/p>\n
The partnership prioritizes concluding negotiations for a Canada-Philippines free trade agreement by the end of 2026, which is projected to boost bilateral trade by nearly 200% by 2035 and create new export opportunities for Canadian businesses.<\/p>\n
The Philippines is Canada’s sixth-largest merchandise export market in ASEAN, with trade totalling $3.4 billion in 2025. This marks the first visit to Canada by a Philippine head of state in 11 years. <\/p>\n
On July 2, Canada\u2019s prime minister welcomed the Philippines\u2019 president to Vancouver to announce a new strategic partnership to deepen bilateral co-operation in trade, energy, defence and tourism.<\/p>\n
One of this partnership\u2019s priorities is to conclude negotiations by the end of 2026 for a Canada-Philippines free trade agreement, which is expected to increase bilateral trade by nearly 200% by 2035 and create new export opportunities for Canadian businesses, particularly in forest products and agriculture.<\/p>\n
\u201cWe are deepening co-operation to unlock new markets and drive more investment between our growing economies,\u201d said prime minister Mark Carney. \u201cIn a volatile world, Canada\u2019s government is strengthening partnerships to create greater prosperity and opportunities for Canadian workers.\u201d<\/p>\n
President Ferdinand Marcos Jr. visited Vancouver from July 1 to 4, marking the first visit to Canada by a head of state of the Philippines in 11 years.<\/p>\n
In 2025, bilateral merchandise trade between Canada and the Philippines totalled $3.4 billion. That made the Philippines our sixth-largest merchandise export market in the Association of Southeast Asian Nations (ASEAN), with which Canada is negotiating a broader free trade agreement in parallel, also with the goal of completion by the end of 2026. This agreement is anticipated to add nearly $2 billion to Canada\u2019s gross domestic product (GDP) and create nearly 14,000 jobs.<\/p>\n
\u201cI look forward to concluding negotiations on these free trade agreements this year to build on our growing momentum across the region,\u201d said federal minister of international trade Maninder Sidhu.<\/p>\n","protected":false},"excerpt":{"rendered":"Talking Points On July 2, Prime Minister Mark Carney announced a new strategic partnership with the Philippines during…\n","protected":false},"author":2,"featured_media":796553,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,44],"class_list":["post-796552","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/796552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=796552"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/796552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/796553"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=796552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=796552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=796552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}