Prime Minister Mark Carney outlined Canada’s major trade and investment gains following the G20 Leaders’ Summit in South Africa, highlighting a sweeping shift in the country’s global economic strategy. Carney emphasized Canada’s new partnerships across four continents, including a landmark $70 billion investment commitment from the United Arab Emirates, fresh agreements with India, China, Sweden, and the EU, and expanded cooperation on critical minerals and clean energy. He said the G20 served as a launchpad for Canada’s renewed global engagement, with new trade talks, infrastructure ambitions, and a plan to double exports beyond the United States. Carney framed the moment as a decisive break from past economic assumptions, positioning Canada to thrive in a rapidly changing global environment. #canada #markcarney #g20 #apt
00:00Good morning, bonjour tout le monde, merci d'être venu, and I'll just say thank you to all of colleagues from Canada who have come to South Africa for the G20.
00:12I also want to begin by thanking President Ramaphosa for his leadership, his leadership in hosting the first G20 Leaders Summit in Africa, as well as his generous hospitality and that of his team.
00:26Now, when President Ramaphosa attended the G7 in Kananaskis back in June, we discussed our shared priorities for Canada's G7 presidency and South Africa's G20.
00:41And even though Canada and South Africa are separated by long physical distances, we're bound by deep historical ties, by enduring friendship and a promising future together.
00:53I just want to recall our Prime Minister, Brian Mulroney, standing in solidarity with South Africans in their struggle for freedom, leading by imposing sanctions and advocating for an end to apartheid.
01:10When South Africa emerged as a democracy, Canada was amongst the First Nations to engage as their partner.
01:16Canadian judges and lawyers shared lessons from our own experience with the Charter of Rights and Freedoms, as South Africans wrote theirs.
01:25And that legacy of cooperation continues today.
01:29Our firefighters, on both sides, are deployed across oceans when wildfires rage, as they do all too frequently.
01:36Our scientists collaborate in agriculture, artificial intelligence and clean technology.
01:41Our entrepreneurs are building partnerships that stretch from Cape Town to Calgary.
01:47And it's that spirit of cooperation that has underpinned our work at this summit.
01:54Two decades ago, in the aftermath of the Asian financial crisis, Canada's then-finance minister, Paul Martin, helped to design the G20.
02:03His argument at the time was that the world's most significant economies, both advanced and emerging, should meet regularly to strengthen financial stability and global governance.
02:15The G20's mission was to bring together the global North and South, to ensure that fast-growing economies such as China, India, Brazil and South Africa had their seat at the table.
02:29And to make an increasingly interconnected global economy work for everyone.
02:35While that mission endures, the assumptions beneath it have been transformed.
02:42This G20 meeting takes place in a very different world.
02:47For generations, middle powers like Canada have benefited from a rules-based multilateral trading system and an open global financial order.
02:56Our geography gave us privileged access to the world's largest economy and distanced us from many of the world's threats.
03:05And now, the economic strategy of the United States has passed from a multilateralism to a bilateral approach, and more dirigent.
03:15And the multilateral institutions, which are the middle powers such as Canada, have been supported for long time, from the OMC to the UN, are placed on the weight of this new era.
03:32This year's G20 summit brought together nations representing three-quarters of the world's population.
04:02Two-thirds of global GDP, two-thirds of global GDP, and three-quarters of the world's trade.
04:09And that's without the United States formally attending.
04:12It's a reminder that the center of gravity in the global economy is shifting.
04:17The last century was defined by concentration of capital, production, and power.
04:25The next one will be defined by diffusion of technology, of energy, and influence.
04:33By the rise of the global south and new roles for middle powers like Canada, to multilateral arrangements that work for all.
04:41Our task is to ensure that Canada doesn't only endure this shift, but that we prosper under it.
04:51And that demands a new economic strategy.
04:54That's why Canada is signing new deals with new partners, diversifying our trade, and attracting billions of dollars of new investment into our country.
05:04Under South Africa's presidency, this G20 is focused on solidarity, equality, and sustainability.
05:15Priorities that Canada strongly supports.
05:20And these values define how Canada is building now.
05:23We're building inclusively, in full partnership with First Nations, the Inuit, and the Métis.
05:31We're building in solidarity with workers, creating good union jobs.
05:35We're building sustainably, because reducing emissions is not just a moral duty, it's an economic imperative.
05:43And we're aligning our approach to our strengths in clean energy, critical minerals, and infrastructure.
05:48Lundi, just before our departure for this visit to the Emirates Arabes Unis, our first federal budget has been adopted.
05:58Au cours de ce budget se trouve un plan ambitieux visant à libérer 1 000 milliards de dollars de nouveaux investissements au cours des cinq prochaines années.
06:09Et une partie de ce plan consiste à doubler nos exportations vers des marchés hautes que les États-Unis,
06:20ce qui pourrait générer 300 milliards de dollars en nouveaux échanges au cours de la prochaine décennie.
06:28Pour améliorer cette ambition, nous diversifions notre commerce et concluons de nouveaux accords avec de nouveaux partenaires et investisseurs.
06:43Nous bâtissons grand et nous bâtissons pour que tout le monde en profite.
06:48At a time when too many countries are retreating into geopolitical blocs, or the battlegrounds of protectionism, Canada believes that the G20 must remain a bridge.
07:03At this year's summit, we've deepened our partnerships.
07:07While in South Africa, we've announced the opening of FinDev Canada's new office in Cape Town.
07:13This office will finance sustainable development projects and connect Canadian firms to new opportunities across Africa.
07:19Canada and South Africa have also just agreed to launch discussions on a new foreign investment protection agreement,
07:27which will catalyze even greater private sector engagement in the infrastructure, clean energy and minerals space in this country.
07:34We have advanced work on a critical minerals production alliance, building on the G7 standard-based markets roadmap,
07:41and we've secured South Africa's agreement to continue those discussions toward greater cooperation on the sourcing,
07:49responsible sourcing of those minerals and investor protection.
07:52In the last three days, I've also held several bilateral meetings.
07:59Canada is re-engaging pragmatically with global giants India and China.
08:04Yesterday, Canada, India and Australia formed a new trilateral partnership on technology and innovation,
08:12which will accelerate our cooperation on critical and emerging technologies.
08:16A partnership that will draw on our strengths and focus on clean energy, critical minerals and artificial intelligence
08:23to unlock more opportunities for Canadian workers and businesses.
08:28Prime Minister Modi and I are meeting later today to discuss our broader trade relationship.
08:35Yesterday, Canada met the EU and Vietnam, Vietnam in its capacity as the incoming chair of the CPTPP trade agreement,
08:44and we began discussions on greater integration between the CPTPP and the EU.
08:51Linking those two of the world's largest trading blocs, representing over a billion people,
08:59will expand trade, catalyze investment and increase partnerships across a range of areas,
09:05from AI to energy in the Indo-Pacific, Europe and, of course, very much in Canada.
09:10Our senior officials will convene over the following months with a mission to deliver concrete results
09:17in this new bloc early next year.
09:21In addition, Canada is maintaining our leadership in global health and science.
09:27On Friday, we pledged a billion dollars to the Global Fund,
09:30which will protect millions of people from the world's deadliest infectious diseases.
09:35The Global Fund has already helped over 25 million people access HIV medicines,
09:43treated 7 million people for tuberculosis and protected more than 160 million people from malaria.
09:52Our new government is working for Canada to move from reliance to resilience
09:58by building a broad and dense web of new partnerships
10:03and creating new economic opportunities that will make Canada stronger both at home and abroad.
10:08As we deepen our trade relationships with reliable partners,
10:13we are building massive trade and transportation infrastructure at home in Canada.
10:18We build large national projects that will transform the future of the country,
10:26new ports, new mines, new corridors, new corridors, new projects, new mining projects,
10:30new mining projects, new mining projects, and renewable initiatives that will connect more than our economy.
10:37We diversify our industries and will allow us to export to new markets everywhere in the world.
10:46In the name of one of the rare countries in the world who has a current nuclear technology,
10:53道 12, our Kandu reactor Kandu, we have accelerated nuclear deployment,
10:58industrial corporations, and large capacity products.
11:04En septembre, nous avons annoncé une première série de grands projets qui seront examinés de manière accélérée par notre nouveau bureau de grands projets.
11:15Et la semaine dernière, nous avons annoncé une deuxième série.
11:20Au total, ces projets représentent plus de 115 milliards de dollars en nouveaux investissements.
11:28Pour turbocharge construction, development, et la création d'high-paying careers,
11:36nous sommes signés de nouveaux deals et de nouveaux investissements pour fueler nos plans et Canada's économiques.
11:43Earlier this week, je suis en l'Université d'Arabie, où j'ai rencontré avec les leading Sovereign Wealth Funds et CEOs
11:50pour attraper un nouveau investissement dans le Canada.
11:53We signed an investment protection agreement, and we launched negotiations on a new comprehensive economic partnership.
12:02At the conclusion of my visit, I welcome the decision of the UAE to invest $70 billion in Canada.
12:12This powerful vote of confidence in our economy represents one of the largest foreign direct investments in Canada's history
12:19and will create high-paying careers across our country, from energy to agriculture and artificial intelligence.
12:27Overall, we have announced almost a dozen new economic and security partnerships across four continents in less than six months.
12:37On Monday, we signed a new partnership with Sweden to increase collaboration on trade, investment and innovation.
12:43We've signed agreements with the European Union in trade and defense, with Germany in critical minerals, with Chile in technology.
12:52We finalized a new trade agreement and economic partnership with Indonesia.
12:56We launched negotiations, free trade negotiations, with Thailand and the Philippines,
13:01as we accelerated our work to finalize our free trade agreement with the ASEAN nations over the next year.
13:09That's 20% of global GDP.
13:10That's 20% of global GDP.
13:13Lorsque les historiens se pencheront sur la décennie à venir,
13:17ils y verront un moment charnière.
13:20Celui où, lors d'après les guerres,
13:23a cédé la place à un ordre plus contesté,
13:27mais aussi plus avantageux pour le Canada
13:30si nous choisissons d'en saisir l'occasion.
13:35At the start of my remarks, I recalled that the ties between Canada and South Africa are
14:00deep.
14:02For many Canadians, these bonds were exemplified by Nelson Mandela's two addresses to our
14:08Parliament.
14:10The first was in 1990, just months after his release from prison.
14:14The second came in 1998, when he was a President.
14:18He thanked Canadians for their efforts for justice in South Africa.
14:22And amongst President Mandela's many powerful words, one reflection echoes with resonance
14:29today.
14:31He said, we know that our destiny lies in our own hands, yet we also know that we cannot
14:38bring about our renaissance solely by our own efforts, since the problems we face are rooted
14:45in conditions beyond the power of any one nation to determine.
14:51His words spoke to a moment of rebirth in South Africa.
14:55And today, they can guide how we lead the way forward from this moment of rupture.
15:00The world is changing.
15:03The global economy is being rewired.
15:08Canada isn't retreating.
15:10In the face of change, Canada's new government is making generational investments at home and
15:15building deeper partnerships abroad.
15:18In this new era, the leadership of Canada is defined not only by the force of our values,
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