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Carney Concludes London Push to Diversify Trade and Attract Investment

He says face-to-face diplomacy is necessary to reduce reliance on the United States.

Overview

  • The prime minister met Keir Starmer and the leaders of Australia, Iceland and Spain to advance coordination on trade and security priorities.
  • No new agreements were announced, and Canada–U.K. negotiations on a permanent trade deal remain stalled over access for Canadian beef and British cheese.
  • Carney and Starmer discussed Canada’s potential support for the United Kingdom joining the CPTPP, according to reporting on their meeting.
  • Carney held sessions with investors from Europe, Asia, Africa and Australia to pitch capital for large Canadian infrastructure projects and assess Canada’s investor profile.
  • Facing Conservative criticism that the travel yields few results, Carney argued the trip was needed to open new markets and lessen dependence on the U.S.