Mark Carney's Vision for a New Trade Era

In a pivotal address at the Asia-Pacific Economic Cooperation summit in South Korea, Canada's Prime Minister, Mark Carney, declared that the era of rules-based liberal trade has effectively ended. He emphasized the need to adapt in the face of the most significant global economic shifts since 1989.

Carney underscored the urgency of these changes, noting that the traditional framework of international trade and investment is becoming obsolete. His remarks highlighted the strategic recalibration that countries must undertake to navigate this new economic landscape effectively.

As part of this shift, Carney announced Canada's ambitious objective to double its exports outside of the United States over the next ten years, signaling a bold step toward diversifying its economic partnerships and securing a competitive edge in a rapidly transforming global market.