Business · Trade · 9 hrs ago
Canada and Philippines conclude free-trade negotiations, aim for 2027 deal
Canada and the Philippines have concluded negotiations on a free-trade agreement, Prime Minister Mark Carney announced in Manila.
The announcement came during Carney’s visit to the Philippines for an Association of Southeast Asian Nations summit.
The two countries aim to finalize the deal and bring it into force in 2027, but details have not yet been released.
Canada says the agreement could help raise annual trade between the countries to more than $10 billion by 2035, about three times the current level.
The deal is part of Canada’s effort to reduce reliance on the United States by building trade ties with other partners.
Canadian pork producers are watching for whether it will address restrictions on pork exports to the Philippines.
The deal must still be finalized and put into force; the sources do not describe the remaining steps in detail.
Mark Carney said Canada and the Philippines had concluded negotiations on a free-trade agreement during his visit to Manila for ASEAN meetings.
Carney said the countries aim to finalize the deal and bring it into force next year.
He said the agreement could help raise annual trade between Canada and the Philippines to more than $10 billion by 2035.
Narendra Modi is due to travel to Manila on November 16 for the ASEAN-India Summit and the East Asia Summit.
India’s external affairs ministry said Modi’s meetings would focus on trade, resilience and cooperation amid geopolitical changes.
- Who
- Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi.
- What
- Carney announced the conclusion of Canada-Philippines free-trade negotiations. Modi is due to attend ASEAN-related summits and other meetings.
- When
- Carney made the announcement during his Manila visit reported on November 14, 2026. Modi is due to travel on November 16.
- Where
- Manila, Philippines.
- Why
- Carney said the trade deal would expand trade and help diversify Canada’s trade relationships. India said Modi’s engagements would bolster trade and resilience amid geopolitical changes.
This story does not have two clearly opposing sides.
India’s external affairs ministry outlined Modi’s planned visit to the Philippines and his upcoming summit engagements.
Carney announced that Canada and the Philippines had concluded negotiations on a free-trade agreement during his Manila visit.
Modi is due to travel to Manila.
Modi is due to attend the East Asia Summit following the ASEAN-India Summit.
- Trade negotiations
- Canada and the Philippines concluded negotiations on a free-trade agreement
- Trade target
- More than $10 billion in annual Canada-Philippines trade by 2035
- Modi’s travel date
- November 16, 2026
- Summit location
- Manila, Philippines
- India-ASEAN trade
- About $122 billion annually
7 sources
PM Carney says Canada, Philippines conclude free-trade talks, target deal by 2027
Canada, Philippines conclude negotiations for free-trade agreement
Carney says Canada, Philippines conclude free-trade talks, target deal by 2027
Carney wraps up negotiations on trade deal with Philippines
Canada, Philippines wrap talks for free-trade agreement, expected to be signed in 2027
PM Modi to visit Philippines for Asean-India Summit, East Asia Summit
What people are saying
Today, we have successfully concluded negotiations on a Canada-Philippines Free Trade Agreement. We will move just as fast to finalize the deal and bring it into force next year.
That’s not what a ship is for and it takes a leader to take the ship out of the harbour into choppy waters.
locomotive for peace, stability and economic prosperity
There is no alternative to engagement.