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Canada Pursues ASEAN Trade Deal to Boost Economy

10/28/2025

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Summary

Story summary

Prime Minister Mark Carney announced plans to pursue a Canada-ASEAN free trade agreement and double non-U.S. exports to reduce reliance on the U.S. market.
The agreement would grant access to markets over $5 trillion and could lift Canada's GDP by about 0.5%.
Carney pledged $25 million in technical assistance to ASEAN nations to support diversification of trade partnerships.
The moves aim to strengthen economic resilience amid global uncertainties.

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Story summary

Prime Minister Mark Carney announced plans to pursue a Canada-ASEAN free trade agreement and double non-U.S. exports to reduce reliance on the U.S. market.
The agreement would grant access to markets over $5 trillion and could lift Canada's GDP by about 0.5%.
Carney pledged $25 million in technical assistance to ASEAN nations to support diversification of trade partnerships.
The moves aim to strengthen economic resilience amid global uncertainties.