MANILA, PHILIPPINES — Canadian International Trade Minister Maninder Sidhu concluded a visit to Manila this week, reporting substantial progress toward free trade agreements with the Association of Southeast Asian Nations (ASEAN) and the Philippines.
Speaking following the 15th ASEAN Economic Ministers-Canada Consultation, Sidhu confirmed that negotiations for both the region-wide ASEAN-Canada Free Trade Agreement and the bilateral accord with the Philippines have crossed the 90% completion mark.
"A packed few days in Manila, Philippines advancing Canada’s trade relationships across Southeast Asia," Sidhu wrote in his Facebook page, noting that federal negotiators are aiming to finalize the terms before the end of the year.
The talks come on the heels of surge in economic activity between Ottawa and the 10-nation Southeast Asian bloc. Bilateral merchandise trade between Canada and ASEAN surged by 23.7% last year, reaching $52.5 billion.
Ottawa views a completed deal with ASEAN as a critical pillar of its Indo-Pacific Strategy, aimed at diversifying trade streams and securing supply chains outside traditional markets. If finalized, the comprehensive free trade agreement would unlock direct market access for Canadian businesses to nearly 700 million consumers in a regional economy valued at over $5 trillion.
"We had productive discussions on advancing the ASEAN-Canada Free Trade Agreement," Sidhu emphasized, adding that the accord promises tangible domestic benefits. "We’re building on that momentum to open more markets for Canadian businesses. More exports. More investment. More good jobs at home."
While in the Philippine capital, Sidhu met with economic ministers and delegates from across the region to outline the mutual economic benefits of formalizing trade frameworks. In addition to regional discussions, bilateral talks with Philippine officials were targeted at expanding opportunities for Canadian exporters in key growth sectors.
"My negotiating team and I are focused on concluding this work this year," Sidhu added. "The opportunities across the ASEAN region are significant, and we are working to deliver tangible results for Canadian workers and businesses."
