Prime Minister Justin Trudeau and daughter Ella-Grace depart Ottawa on Thursday, Nov. 14, 2024, en route to South America. Trudeau will attend the APEC summit in Lima, Peru, and the G20 summit in Rio de Janeiro, Brazil. THE CANADIAN PRESS/Sean Kilpatrick


November 16, 2024 Tags:

Canada and Indonesia Finalize Trade Deal Amid Concerns Over Global Cooperation

LIMA, Peru – Canada has wrapped up trade negotiations with Indonesia, marking a significant step toward a formal agreement with the world's fourth-most populous nation. Prime Minister Justin Trudeau and Indonesian President Prabowo Subianto announced the development during the Asia-Pacific Economic Cooperation (APEC) summit in Lima on Friday. The agreement is expected to be signed next year, strengthening ties between the two nations in areas like digital trade and renewable energy.

The discussions come at a pivotal moment, as fears grow over the potential global impact of Donald Trump’s re-election in the United States. Trump's previous presidency saw the U.S. withdraw from key multilateral agreements like the Paris climate accord and the Trans-Pacific Partnership. His recent campaign promises, including a proposed 10% import tax on all goods entering the U.S., have raised concerns among global trading partners and sparked debate during APEC meetings.

Canada Advocates for Multilateralism

Trudeau and his ministers emphasized Canada’s commitment to multilateral trade and international cooperation. Foreign Affairs Minister Mélanie Joly noted that Canada is seen as a key ally in navigating U.S. policies. "If there's a country that understands the United States, it’s Canada," Joly said, adding that numerous countries have sought advice from Canada on adapting to a potential second Trump presidency.

Joly also confirmed plans for Trump to attend the G7 summit in Alberta next year but highlighted the urgency of finalizing key agreements before his administration takes over. Discussions with U.S. Secretary of State Antony Blinken focused on advancing the Columbia River Treaty, which governs shared water resources between the two countries.

Trudeau's Southeast Asia Vision

In addition to trade, Canada is proposing nuclear-energy partnerships with Southeast Asian nations. Speaking at the APEC CEO summit, Trudeau outlined plans to help countries in the region address energy demands driven by advancements in artificial intelligence and other technologies. He described nuclear energy as critical for long-term economic planning and pledged Canadian expertise in developing the sector.

Trudeau’s government aims to leverage its Indo-Pacific Strategy, launched in 2022, to counter China's influence and promote sustainable growth in the region. Indonesia, with its rapidly growing economy and young population, is a key partner in these efforts. Subianto praised Canada’s collaboration in areas such as sustainable fishing and artificial intelligence.

Balancing Relations with China

While promoting partnerships in Southeast Asia, Canada also engaged in cautious diplomacy with China. Joly met with Chinese Foreign Minister Wang Yi to discuss issues like air transport and fentanyl trafficking. She reiterated Canada’s stance against foreign interference, referencing an ongoing public inquiry into alleged meddling by China.

Trudeau's interactions with Chinese President Xi Jinping remain uncertain, with no formal meeting confirmed at APEC or the upcoming G20 summit in Brazil. However, Canada continues to stress its commitment to fostering balanced relationships in the region while protecting its national interests.

As global leaders navigate uncertain economic and geopolitical landscapes, Canada’s focus on strengthening multilateral ties and fostering sustainable energy solutions positions it as a proactive player on the world stage.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

You may also like

Mortgage Rates Ease as Banks Cut Prime Rates to 5.45%

The Bank of Canada reduced its interest rate by 50 basis points on Wednesday, bringing it down to 3.25%. The....

Annual Rents Hit 15-Month Low, Still Higher Than 3 Years Ago

In November, the average asking rent across Canada fell to its lowest point in 15 months, reaching $2,139. This marks....

How the Holiday GST Relief Will Benefit Consumers

The federal government’s GST relief will begin this Saturday, providing some financial relief just before the busy holiday shopping period.....

Ottawa To Invest $1b+ In Expanding N.B.'s Clean Power Grid

DIEPPE, N.B. – The federal government has announced plans to invest over $1 billion to expand New Brunswick's clean energy....

Political Chaos In France, Germany Slows Europe’s Economic Aid

Europe’s economy, already struggling with slow growth and competitiveness against the U.S. and China, now faces new obstacles as political....

Canada’s 6.8% Jobless Rate Fuels Hopes For A 50-Point Rate Cut

In November, Canada recorded 1.5 million unemployed individuals, pushing the jobless rate to 6.8%, a level not seen since January....

Saskatchewan Passes Bills on Tax Relief and Carbon Levy Exemption

Regina – Premier Scott Moe's government made good on its fall election promises by passing two significant bills Thursday aimed....

Eli Lilly To Invest $3b In Wisconsin Plant Expansion For Demand

Eli Lilly plans to invest an additional $3 billion to expand its manufacturing capacity, aiming to keep up with rising....

Transport Minister Calls Out Air Canada Over New Carry-On Bag Fees

Transport Minister Anita Anand plans to meet with Canadian airline executives in mid-December following Air Canada’s decision to introduce carry-on....

Meta Plans $10b AI Hub In Louisiana; Musk Expands In Tennessee

NEW ORLEANS (AP) — Meta, the parent company of Facebook, has announced plans to build its largest artificial intelligence data....

Ontario Hit Hard By Soaring Beef Prices: Farmers And Consumers

Shoppers may be in for a surprise when they see the rising cost of beef at the grocery store. "The....

Trump To Block Japanese - US Steel Deal, Promises Tariffs, Tax Break

President-elect Donald Trump has reaffirmed his opposition to the proposed acquisition of U.S. Steel by Japanese steelmaker Nippon Steel Corp.,....