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00:00All right. Good. We're still afternoon, right? Good afternoon, good evening. Bonjour tout le monde.
00:08Just before I start, I would like to just pass on my appreciation, the appreciation of the entire Canadian delegation
00:16to our Malaysian hosts, particularly Dr. Ibrahim, the Prime Minister, for an extraordinary group of meetings,
00:23extraordinary hospitality, which is going to continue for the next few hours this evening.
00:30You know, from our perspective, a highly productive few days at the ASEAN Summit here in Kuala Lumpur.
00:38I've been joined by a delegation including our Minister of International Trade,
00:43and we have focused on building new partnerships and unlocking new economic opportunities
00:48that will benefit Canadian workers and their businesses.
00:52Nous sommes réunis ici à un moment à la fois crucial et rempli d'opportunités.
01:00Le monde est devenu plus dangereux et divisé.
01:04Le système de commerce mondial est en train de changer de manière fondamentale.
01:10L'évolution technologique et la transition énergétique s'accélèrent à un rythme sans précédent.
01:18L'ancien l'ordre mondial est revenu.
01:22Et même si le Canada a prospéré dans ce système, nous savons que la nostalgie n'est pas une stratégie.
01:31C'est pourquoi nous traçons une nouvelle voie à suivre pour notre pays.
01:38On November 4th, our government will table the first federal budget, our first federal budget.
01:47And that'll be our plan to protect our communities, our borders, our way of life.
01:52Our plan to build a stronger economy where everyone has a chance to get ahead.
01:57And our plan to empower Canadians with new opportunities, better careers, and a lower cost of living.
02:04Central to those missions is our intention to double our non-U.S. exports over the course of the next decade.
02:12That alone will generate $300 billion in more trade, new orders for Canadian resources, Canadian industries, and Canadian expertise.
02:21I chose my summit for my first visit as Prime Minister to Asia because the Canada-Asean relationship is full of potential.
02:33This is a region of nearly 700 million consumers with a market worth over $5 trillion.
02:40It's already Canada's second largest trading partner with over $260 billion in two-way merchandise trade alone.
02:48Yet, even at those levels, it still only represents about 10% of our exports.
02:54To build those exports, to double our non-U.S. exports, our government is working to strike a series of new trade deals, including here in the Indo-Pacific.
03:03In the past few months, we've signed new agreements with the United Arab Emirates in artificial intelligence, with the European Union in defense and broader trade, with Germany in critical minerals, with Mexico in agri-food.
03:18We signed a free trade deal with Ecuador that reduces or eliminates tariffs on the majority of Canadian exports.
03:24And last month, in Ottawa, we concluded a historic free trade agreement with Indonesia, Canada's first bilateral free trade agreement with an ASEAN nation.
03:34This week in Kuala Lumpur, we agreed to accelerate progress on a new Canada-ASEAN free trade agreement, targeting completion of that agreement next year.
03:44Yesterday, I met with the Prime Ministers of Laos and Vietnam, as well as the President of the Philippines, to move those talks forward.
03:51Now, that deal would add about $1.5 billion to our economy, giving Canadian workers and businesses greater access to this fast-growing market.
04:01In fact, probably, arguably, the fastest-growing market in the world.
04:05And would create jobs for Canadian workers in sectors ranging from critical minerals to clean tech, agri-food, aerospace, and advanced manufacturing.
04:15All while lowering prices for Canadian consumers on goods like electronics and clothing.
04:22In addition, President Marcos of the Philippines and I agreed yesterday to launch talks on a new free trade agreement between our two nations.
04:30Again, with the goal of concluding that agreement next year.
04:35This week, we also made significant progress on energy.
04:38Today, Canada and Malaysia signed a letter of intent to deepen investment in liquefied natural gas and oil, nuclear power, and renewables.
04:49I met with the CEO and the senior management of Patronus, one of the world's largest energy companies and already a major investor in LNG in Canada,
04:57LNG Canada Phase 1, LNG facility in Kitimat, British Columbia.
05:03Now, Phase 2 of this project will double production, making the project as a whole the second largest LNG facility in the world,
05:15creating tens of thousands of new high-paying Canadian careers.
05:20That project, Phase 2, has been referred to our new major projects office because we want it built,
05:27and we want it built faster to the benefit of Canadians, including Indigenous partners in the project.
05:34Together with Patronus, we are exploring other new opportunities to expand our partnership
05:39and strengthen Canada's role as a reliable energy supplier.
05:45By the end of this decade, 2030, Canada can produce nearly 50 million tons of LNG each year,
05:51enough to supply Singapore, where I'm going tomorrow, five times over.
05:56We can double that production again by 2040.
05:58We collaborate on the field of carbon capture and putting our resources in the service of the transition of the ANAS
06:10towards an economy more resilient and at low emissions.
06:15Canada is also unlocking our partners in the service of the ANAS and its new electric network.
06:27to have millions of dollars of new possibilities for Canadians and Canadian workers.
06:33And we also help our NASA partners to attend their objectives in terms of connectivity.
06:42Canada is also unlocking new opportunities in technology.
06:47Canada's BlackBerry offers its Cyber Security Center of Excellence here in Malaysia.
06:52We announced an investment to expand that center into an international hub for cyber intelligence and security innovation,
07:00something I discussed this afternoon with Prime Minister Ibrahim.
07:06Today, I visited CAE, with whom Malaysia Airlines has just signed a deal to purchase another Canadian-built flight simulator.
07:14I met the CEO of AirAsia yesterday about a potentially large order for A220 planes designed and built in Quebec.
07:23These are the kinds of partnerships we will keep building because Canada has what the world wants.
07:30World-class talent with expertise in clean technology, artificial intelligence, life sciences, and quantum computing.
07:37We're the world's number one, number one destination for master's degrees and doctorates.
07:44We have the most educated workforce in the world.
07:47We're an energy superpower with the third largest reserves of oil and the fourth largest reserves of natural gas.
07:53We have an 85% clean grid, which we can readily increase by another 50% to power clean manufacturing, clean AI infrastructure, and the electrification of our sustainable economy.
08:08We have deposits of over 34 critical minerals, and we're amongst the top five producers for the ten critical minerals most essential for the world's energy transition.
08:22Over the next five years, we will be quadrupling, quadrupling our defence industrial spending,
08:27strengthening our role in collective security and creating new careers in our defence and associated industries.
08:34Next week, Canada's Defence Minister will be in the Philippines to deepen our cooperation with Southeast Asia,
08:40expanding access for the Canadian Armed Forces for training and joint operations in the Philippines,
08:45strengthening our shared commitment to regional stability.
08:49The combination of these economic strengths and the budget strategy I referenced earlier,
08:56our budget strategy to spend less so that Canadians can invest more, will give investors confidence to build more in Canada.
09:05It will give innovators the stability they need to take risks in Canada.
09:10And it will reinforce the reasons the world has to trust Canadians as reliable partners.
09:18Le Canada a ce que le monde veut. Le Canada a ce dont le monde a besoin. C'est à nous de vendre au monde ce que le Canada a offrir.
09:29Selling our products to the world is a team Canada effort. Federal ministers are working hard, securing deals and building relationships across Asia.
09:39Premiers from British Columbia, Alberta, Saskatchewan to Newfoundland and Labrador and Prince Edward Island are leading trade missions across the region.
09:47Demain, je me rendrai à Singapour pour rencontrer le Premier ministre Lawrence Wong ainsi que les grands investisseurs pour renforcer la coopération dans le domaine du coméristre et de la technologie.
10:01Et plus tard cette semaine, je vais participer au sommet des dirigeants de l'APEC en Corée du Sud pour poursuivre ses progrès et resserrer nos liens dans le domaine de l'agriculture, de la défense et des mineraux critiques.
10:19To finish, to quote our host, Prime Minister Ibrahim,
10:23The old world order is disappearing and a new one has yet to emerge.
10:28Times like this, it's time to be bold.
10:31Because how we respond will shape Canada's path for decades to come.
10:36By making generational investments at home and by building deeper partnerships abroad,
10:42we will build Canada strong.
10:45And with that, I'd be happy to take your questions.
10:48Thank you, Prime Minister.
10:49We're now going to begin with questions from the Canadian delegation.
10:51First question.
10:53Sarah.
10:54Hi, Prime Minister.
10:55Sarah Ritchie with the Canadian Press.
10:56Have you had any contact with President Trump since Thursday?
11:00I have not.
11:01Given that President Trump said today on Air Force One, I don't know if you've heard this,
11:06but in the last hour he said he doesn't plan to meet with you for a long time.
11:10Is it worth continuing to pursue a discussion, a meeting, a phone call with him at this point?
11:15I didn't see the comment.
11:18Look, we stand ready to sit down with the United States, myself with the President, my colleagues with their colleagues,
11:29when the U.S. is ready to sit down.
11:31We had made considerable progress on a supplement to the trading relationship that we had,
11:41considerable progress in the areas of steel, aluminum, and energy associated areas as well.
11:48And as I just said, we're ready to sit down when they're ready to do that.
11:54If they're not ready to do that, as those comments indicate, then we, and we were always going to do these things to be clear,
12:02we're going to first and foremost build our economy, build it with generational investments,
12:06and you will see that not just the scale of ambition but the speed with which we put that into effect in the budget on November 4th,
12:13and continue to do what we've been doing over the course of the last few days and over the course of recent months,
12:19which is to build those other partnerships and deepen those other partnerships on which we're getting very much traction. Thank you.
12:26Next question, Murray.
12:30Hi, Prime Minister. Murray Brewster with CBC News.
12:34President Trump says he's canceled these trade talks because he's upset about the Ontario government ad.
12:40We've heard from the Business Council of Canada and even some of President Trump's own advisors
12:45who suggest the frustration with Canada runs deeper.
12:49So is this about the ads or is this about something else?
12:53Well, look, as I say, there were a series of very detailed, very specific, very comprehensive discussions,
13:06negotiations on the areas I just listed in response to the previous question,
13:11up until the point of those ads running, first point.
13:17The second point, I would suggest you take the President at his word for his reason.
13:23So, and that is the reason why from the perspective of the federal government, which I'm responsible,
13:33we stand ready to pick up on those discussions when the United States wishes to pick up on those discussions.
13:41So, those in the room, those exchanging term sheets, those having the discussions about specific areas where we can make mutual progress
13:50to the benefit of workers and businesses and communities in our respective countries had been making progress.
13:58So, yes, those ads came, the President had the reactions which you have seen, made the decisions that he has made,
14:07which, you know, those are his decisions to take, and we're in the situation we're in.
14:12Follow-up?
14:13As a follow-up, Prime Minister, given everything that we've seen, do you really think the United States is interested in making a trade deal with Canada?
14:21Look, we are their second largest trading partner.
14:26We provide a series of essential goods for their economy.
14:35We are one of many providers, but we provide in some areas essential goods for their economy.
14:42And we create more room for them to do other things.
14:46I'll give you an example.
14:48If you look at Canadian exports of aluminum to the United States, and aluminum is bauxite and energy.
14:56I mean, there's a little more to it, but you can simplify it to that.
15:00The embedded energy in the Canadian aluminum exports, which provides 60% of the aluminum to the U.S. market,
15:07is the equivalent of the energy of 10 Hoover dams in the United States.
15:11Now, is the best use of that scale of energy, creating that scale of energy to make aluminum in the United States,
15:19as opposed to continue to foster and power the AI revolution, which the U.S. is leading, or power homes and others.
15:29I mean, these are decisions for the United States to make.
15:31Point being, as a supplier to the United States, and I gave aluminum as one, I could give many examples,
15:37we are an important supplier in many areas.
15:41As well, we are a large customer.
15:43You know, for over 30 states, Canada is the largest customer, export customer for those states in the United States.
15:51So there is a very strong, deep trading relationship, and there is an alignment of interests in many areas.
15:59And that's the reason why we have elements of the arrangements that we have today with a large degree of low tariff trade,
16:09and the benefits from that.
16:12So, you know, we're ready to have those discussions to further improve them,
16:18and we'll have them when it's appropriate.
16:23But we're not resting because we can build, you know, the return on building at home is far greater than the hit from trade turbulence with the United States.
16:37And the opportunities internationally are considerable.
16:42And, candidly, Canada has not focused on the relationships to the same extent as we should have in any trading environment with the United States,
16:53let alone a situation where they're changing their trade policy.
16:57And that's what we're doing now.
16:59Next question.
17:00Question.
17:01Judy Trinh with CTV News.
17:05Donald Trump says he doesn't want to see you at all at AIPAC.
17:09Has the Canadian government given any consideration to the possibility that he doesn't want to negotiate,
17:17and do you have a contingency plan for that?
17:21We have lots of, yes.
17:22The short answer is yes.
17:24To your follow-up, no, I'm not about to detail those contingency plans.
17:29But I will go to the big obvious plan that is there in plain sight and will be further detailed in the budget on November 4th.
17:40And we have been saying this for months.
17:42I said this before I was elected.
17:44Emphasize the importance of us giving ourselves far more than any foreign government could take away, whatever the trading environment.
17:52And that's to build at home and to build strong at home.
17:56And we intend to unleash hundreds and hundreds of billions of dollars of investment right here at home.
18:02Not right here, but metaphorically there.
18:04At home in Canada while we're building these partnerships.
18:08Less than a month ago you were at the White House.
18:12You seemed very cordial, friendly with President Trump.
18:16The two of you were joking.
18:18You said you were going to walk away with a good deal.
18:21He said that.
18:22That we would be very happy.
18:24Is the U.S. toying with Canada?
18:27And how did your relationship with Donald Trump go south so fast?
18:32That's a question for him.
18:34Next question.
18:36Yasmin.
18:38Yasmin Mehdi with Radio Canada.
18:40Thanks.
18:41On avait l'impression dans les dernières semaines que les négociations avec les États-Unis avançaient plutôt bien.
18:46Oui.
18:47Qu'est-ce qui s'est passé?
18:48Est-ce que c'est la publicité ou est-ce qu'il y avait autre chose du côté américain?
18:52Tout d'abord, je suis… je suis… je reconnais votre description.
19:03On fait des progrès dans les négociations, des progrès détaillés, des progrès constructifs, des progrès approfondis en ce qui concerne l'acier, l'aluminium, l'énergie, d'autres secteurs alliés.
19:18Et ce n'était pas fini, c'est évident, ce n'était pas fini, mais on était prêt d'un accord.
19:33Ensuite, il y avait, il y avait les publicités et tout a changé ou la position du gouvernement américain a changé.
19:47Ça, c'est évident.
19:48Ce n'est pas plus compliqué que ça.
19:51Par rapport à M. Ford, j'aimerais savoir, est-ce que vous lui avez demandé de retirer…
19:58…diversification strategy, climate competitiveness strategies, which will help for all of this.
20:03So, that's the focus of the reaction.
20:10I mean, obviously, we will protect markets if we see big asymmetries in terms of access, but it's not a decision for today.
20:20Follow-up?
20:21And, you know, the end of these talks, which you've described as being serious and constructive for what seems like a capricious reason,
20:31does this underscore that is there any value in trying to negotiate something with the Trump administration?
20:37Is its word worth anything?
20:39Look, I think that, yes.
20:42I mean, the short answer is yes, there is value.
20:44There's tremendous value in those negotiations.
20:46We've seen that the U.S. administration has made a series of commitments and agreements that have stood by.
20:55Some of those have been in the peace and security area.
20:58Some of them have been on the trade side.
21:00But just to be absolutely clear, we represent Canada.
21:07We are going to fight for Canadians.
21:10We are only going to agree to a deal through a negotiation that is in the best interests of Canadians.
21:19They are working in the best interests of Americans.
21:24There are places where those interests are aligned, and they overlap, and we can have a deal.
21:29But we're not going to accept something that is not in the best interests of Canadians, and they understand that.
21:36Next question, Mackenzie.
21:37Okay, Mackenzie, you can ask here on Anglais.
21:40Mackenzie Gray with Global News.
21:42I'd like to follow up on Sarah's earlier question.
21:44I know you said you haven't spoken to the President, but you've been known to text with him.
21:48Have you reached out to him personally at all since the first day?
21:51Look, the President knows that I'm available to speak to the President, as I always would be, as you would expect.
21:59I make myself, I mean, as President of the United States, so, of course, I make myself available.
22:05I make myself available for other world leaders as they wish to.
22:09We will both be in APEC.
22:11Canada is a member of APEC.
22:12I mean, we're in need there, very much so.
22:15Follow up?
22:16So you haven't reached out to the President at all?
22:18Look, the President and I have not spoken since he took this decision.
22:23And you want to chat with him at APEC?
22:26We are ready to have discussions when the Americans wish to have those discussions.
22:37But we're not, obviously, we don't dictate the timing of that.
22:40And last question, then our question, Steve Chase.
22:43Steve Chase, Global Mail.
22:46I wanted to ask you about where the relationship with China could go.
22:50And your predecessor fenced off significant portions of the Canadian economy from Chinese investment.
22:59Critical minerals, anything related to national security, academic collaboration, the list goes on and on.
23:05So my question for you is, are you willing to revisit or consider lowering some of those restrictions
23:11so that more Chinese investment could flow into Canada?
23:15Well, it's the start of a broader discussion.
23:20There were greater restrictions that were in place given other issues in the relationship, first point.
23:26Secondly, there needs to be a resetting of expectations or we're in the process of a resetting of expectations of where the relationship can go,
23:37the extent to which we have different systems, where the relationship can go and where it won't go.
23:43And that's part of the discussion that has begun.
23:47I think what is absolutely clear is that a relationship, for example, where there are extreme restrictions on travel between our two countries
24:00is an unusual place for the Canadian-China relationship to be given the history of the relationship, given the long history of travel between our two countries.
24:11That is one example. It's a very obvious example that progress can be made.
24:15There are issues, as people well know, in agriculture and for fishery goods.
24:23There's issues in manufacturing and others.
24:25And we will explore what we can build on.
24:29You know, relationships rebuild over time when they have been, when they have changed, when they have changed for the worse.
24:38And so we have a lot of areas on which we can build.
24:43And look, last point, which is that this is our second largest trading partner.
24:49This is the second largest economy in the world.
24:51This is one of the most influential actors in terms of the global system such as it is.
25:03And it is a country with whom we had no senior level contact for seven years until I met Premier Li in New York.
25:14So we're starting from a base and we can move quite substantially.
25:18We're starting from a very low base and we can move quite substantially before we start to get to sensitive areas.
25:25Would you like to or is a free trade agreement with China out of the question?
25:31And if you could, would you drop EV tariffs against?
25:34You know, I look forward to the discussions with President Xi.
25:40I think we have a lot of energy and they're about much broader issues, set of issues than trade.
25:45And we'll be in better position to start answering questions like that as the relationship evolves and deepens.
25:55So we don't go in.
25:56There's no preset offer issue.
26:00This is not, this is the difference between relationship and transaction.
26:05And we're starting relationship building up the relationship on that.
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