Canadian Prime Minister Justin Trudeau wants to strengthen trade and diplomatic ties between Canada and the Association of Southeast Asian Nations (ASEAN) by promising to invest nearly $330 million over five years in the region.
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Intended for 10 countries in this Asian region, an initial financing of $24.1 million will be devoted to the Trade Gateway in Southeast Asia to facilitate access to Canadian business leaders.
Other measures such as the Common Fund for the Oceans ($84.3 million), the Feminist International Assistance Policy – Financing for Development ($100 million) or the Indo-Pacific Engagement Initiative ($40 million) will strengthen Canada’s presence in this region.
“Today more than ever, we must redouble our efforts in terms of cooperation,” Mr. Trudeau said on Saturday during his announcement in Phnom Penh, Cambodia.
“Earlier this week, Canada announced the upcoming launch of its Indo-Pacific Strategy. This is a serious strategy that aims to deepen and strengthen our long-term engagement in the region,” he added.
“Canada’s focus right now is for the region to understand that we are a reliable partner. Canada has been present in the region, but not at the level where it could be, and we are trying to make it a priority,” said Foreign Minister Mélanie Joly during a press scrum.