Prime Minister Mark Carney has unveiled a plan to double Canada’s non-U.S. exports over the next decade, reflecting the country’s strategic focus on trade diversification and global economic growth.
Carney highlighted that while the United States remains an important trading partner, Canada must look beyond traditional markets to strengthen its global trade position. The initiative seeks to open new export opportunities, attract foreign investment, and enhance the competitiveness of Canadian industries worldwide.
“Canada’s success has always been built on trade, innovation, and global partnerships,” Carney said. “By expanding our reach to new markets, we can create more opportunities for Canadian businesses and ensure a stable, sustainable future for our economy.”
The government’s strategy includes greater engagement with emerging economies such as India and China, aiming to build stronger connections in sectors like energy, technology, agriculture, and manufacturing. These partnerships are expected to reduce dependence on a single market and drive long-term growth.
Carney also emphasized Canada’s strong position as a global supplier of energy and resources, noting the country’s vast reserves of oil, natural gas, and critical minerals. These assets will continue to play a key role in supporting global demand and advancing sustainable trade initiatives.
With more than 75% of Canada’s exports currently directed to the U.S., the new trade diversification goal marks a significant step toward broadening international cooperation and promoting balanced global economic development.
#ITCNewsUpdates #NewsUpdate #GlobalTrade #ExportGrowth #EconomicPartnership #SustainableDevelopment