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Canada and the Philippines have concluded negotiations for a free trade agreement, part of Prime Minister Mark Carney's strategy to diversify trade relations. The agreement aims to reduce reliance on the U.S. following strained relations. Carney announced the completion of talks during his visit to Manila for the ASEAN summit, stating the deal could be finalized by 2027. The agreement is expected to benefit various sectors, including agriculture, aerospace, and artificial intelligence. Canada also seeks a broader trade agreement with ASEAN, with negotiations nearly complete. The goal is to double exports to non-U.S. markets by 2035, enhancing trade ties with Europe as well.

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