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Carney speaks with Singapore PM Wong, pushes Canada–Singapore economic ties and ASEAN trade deal
Prime Minister Mark Carney held a call with Singapore's Lawrence Wong on September 28, advancing the Canada–Singapore Economic Partnership Framework and the Canada–ASEAN free trade agreement, projected to add nearly $2B to Canada's GDP and create nearly 14,000 jobs.
Why it matters
Prime Minister Mark Carney spoke by phone with Singapore's Prime Minister Lawrence Wong on September 28, underscoring the importance of a stronger Canada–Singapore partnership in a rapidly changing world. Canadian exports to Singapore have more than doubled in the last five years, and the two leaders discussed ways to deepen that trade relationship.
What was discussed
The leaders discussed opportunities through the recently announced negotiations for a Canada–Singapore Economic Partnership Framework, and redoubling efforts to conclude the Canada–ASEAN Free Trade Agreement. Once in force, the ASEAN deal is expected to lower trade barriers, expand market access and add nearly $2 billion to Canada's GDP while creating nearly 14,000 Canadian jobs, including in agriculture and manufacturing.
What's next
Carney highlighted opportunities for Singaporean investment in Canada's artificial intelligence ecosystem and energy sector, and said he looks forward to welcoming Wong to Canada later this year. The leaders agreed to remain in close contact.
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