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Canada and the Philippines have finalized a free trade agreement as part of Prime Minister Mark Carney's strategy to diversify trade relations and reduce economic dependence on the U.S. The agreement, announced during Carney's visit to Manila for the ASEAN summit, aims to benefit various sectors including agriculture, aerospace, and artificial intelligence. Carney emphasized the importance of building a resilient Canadian economy through diversified partnerships. Additionally, Canada is pursuing a broader trade agreement with ASEAN, with negotiations nearing completion. The goal is to double exports to non-U.S. markets by 2035, amid ongoing tensions with the Trump administration.

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