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Carney Defends London Diplomacy as He Courts Investors and Signals Support for U.K. CPTPP Bid

The prime minister says face-to-face meetings are needed to reduce reliance on the U.S. by deepening ties with like-minded partners.

Overview

  • Carney met Keir Starmer, joined the Global Progress Action Summit, and held one-on-ones with the leaders of Australia, Spain and Iceland on trade and security.
  • He said the London visit was to check progress on economic and security measures set with the U.K. in June and to accelerate diversification away from a single trading partner.
  • The prime minister met infrastructure and global investors, told them Canada is changing its tax system to attract more capital, and promoted major projects.
  • Carney and Starmer discussed Canadian support for a potential U.K. entry into the CPTPP, while a permanent U.K.–Canada trade deal remains stalled and British limits on Canadian beef continue.
  • Pierre Poilievre criticized the trip as showbusiness, as Carney said a proposed U.S. tariff on branded drugs would likely spare Canadian exports and he welcomed President Trump’s latest comments on Ukraine.