Strengthening Ties: Carney and Boric's Strategic Partnership
Prime Minister Carney and President Boric's Meeting
Recently, Prime Minister Mark Carney had an important meeting with the President of Chile, Gabriel Boric, during the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting. This gathering provided a valuable opportunity for both leaders to discuss their nations' growing partnership.
Canada-Chile Strategic Partnership Framework
Both leaders signed a renewed Canada-Chile Strategic Partnership Framework. They expressed dedication to exploring areas of collaboration that include critical minerals, clean energy, digital technologies, as well as polar and defense cooperation. This framework highlights the commitment of both countries to work together on key global challenges.
Enhancing Free Trade and Investment
During the discussions, Prime Minister Carney emphasized the importance of advancing free trade and investment opportunities between Canada and Chile. They noted that the Canada-Chile Free Trade Agreement (CCFTA) has significantly boosted bilateral merchandise trade, which has nearly quadrupled since its establishment. Canada has now become Chile's largest foreign investor, with substantial investments totaling nearly $30 billion.
Future Objectives in Trade
Building on this momentum, Prime Minister Carney outlined Canada's ambitious mission to double non-U.S. exports over the next decade. This mission includes a focus on deepening their partnership, primarily in trade and critical minerals, reinforcing the mutual benefits of their economic relationship.
Continuous Collaboration
In conclusion, Prime Minister Carney and President Boric agreed to maintain close communication to ensure the continued success of their partnership. The collaborative spirit displayed during their meeting marks an exciting chapter for both nations.
Frequently Asked Questions
What was the purpose of the Carney-Boric meeting?
The meeting aimed to strengthen ties between Canada and Chile, focusing on trade, investment, and strategic collaboration.
What agreement did the leaders sign?
They signed the renewed Canada-Chile Strategic Partnership Framework, addressing areas like clean energy and critical minerals.
How much has trade increased since the CCFTA?
Bilateral merchandise trade has nearly quadrupled since the signing of the Canada-Chile Free Trade Agreement.
What is Canada's goal regarding exports?
Canada aims to double its non-U.S. exports in the next decade, enhancing its trade relationship with Chile.
How will the two leaders maintain their partnership?
Prime Minister Carney and President Boric agreed to stay in close contact to ensure ongoing collaboration and success.
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