00:00We are and I was interested that you said basically the old world's not coming back
00:03So you're not seeing this as a period we just have to get through a normalcy will return. I think the
00:10That is what that is our view
00:13And we were we regret it, but we're not going to sit around and and mourn it. We're acting
00:19And we're acting in a way both. It's in our interests, but we believe in a way with others
00:27That's building
00:29Perfectly in steps a new system. I'll give you one example on hand back which is
00:34We're members of we are members of trade agreements that comprise already 1.4 billion people around the world
00:40So we have the most extensive network
00:43We are trying with others to bring some of those networks together the most prominent example is the Trans-Pacific Partnership in the EU
00:51Acting of a bridge. It's it's not a direct benefit for Canada, but it is a benefit for Canada that these groups come together
00:58And Ngozi is here consistent with the WTO rules both of which are and in that way
01:05We're building back out amongst willing partners
01:08and
01:10You talked about the need not to put the sign in the window anymore to pretend that things are still the same
01:17Do you think to put it directly that the NATO alliance is still doing that still pretending it's the old transatlantic partnership when it's really kind of going well?
01:27I think we're clearly NATO is
01:31Experiencing a test right now
01:33And the first response to that test has to be to respond in a way that ensures this the security of the arctic in a robust way for
01:43for all
01:46Possibilities
01:47This is actually a point that we have been making in recent years. It's a point that I made at the NATO summit
01:53back in June which seemed like a pledging summit, but what also was a
01:57Was to get NATO policies in the right direction, so I think in the immediate term
02:03one of
02:04The imperatives is to reinforce things that Canada is doing Nordic Baltic Gate are doing the UK are doing other NATO partners France included in a
02:15comprehensive way that
02:17Provides much greater security in the Arctic that this is the test
02:21And so I wouldn't say the sign the NATO sign stays in the window
02:25But we've got to meet the meet the moment of that you also a big theme of your speech was the need for middle powers to work together
02:33But you've just been to the other great power to China and
02:36I think people very intrigued by seeing that meeting and some people say
02:42kind of that's a mistake really because you know you're gonna make it make yourself more dependent on China
02:48They're not that benign either
02:51The US will be very annoyed. What's what's the defense of what you're doing and what do you have to get out of it?
02:55Well, the first thing is to say it's not a defense. It's it's not I know the way you frame the question, but it's offense
03:02It's building out. It's it's something positive as opposed to
03:07Against we're for something as opposed to being against the second is
03:11There are very clear guardrails in that relationship. I spoke of calibration of relationships in my remarks. That's what I mean by it
03:19But within those clear guardrails are huge opportunities in energy both clean and conventional
03:24obviously in motor vehicles in agriculture in financial services all of which is mutually beneficial, so
03:31It's it's additive and look it's the second largest economy and it's our second largest trading partner
03:36We should have a strategic partnership with them in that
03:40In within those guardrails and that's what we've achieved and it is an interesting reversal though
03:44Because I think certainly during the Biden administration
03:46There was this sense that the Western world was trying to decouple from China or de-risk at least
03:53Yeah, and is now in this new world that really going to go into reverse and de-risking from China
03:58Because there are other risks is is less of a thing you need again many in this room. This is their livelihood
04:05You need a web of connections
04:07And to miss out in that web some of the largest ones United States. We already have that China India Mercosur
04:15European Union
04:17That's a mistake. That's not managing your relationships properly that makes you stronger makes you more resilient and then on top of that
04:24I'll give you again of all appeal since it's in the headlines to the Nordics
04:28Nordics plus Canada. It's 20% of global GDP
04:32It's not the first thing people would realize but that relationship which is deepening for security reasons because we're like-minded
04:40Those are the types of partnerships that I think we'll see more of and you've got a round of applause when you
04:45Said something strong about standing on principle on Greenland. Hmm
04:51Do you think?
04:53We can find an off ramp on that. I mean, I'm sure you'll you'll speak of it, but put it this way if there isn't an off ramp
04:59Where does this go? I?
05:01I strongly believe that there is a bet there's a better outcome that come from the discussions that have been catalyzed in an unusual way admittedly, but
05:11And we absolutely stand by the principles that are that are referenced
05:17that
05:19Solution starts with security and a security yes of Greenland, but more broadly of the Arctic
05:25Canada is Foursquare
05:28Contributing to that we're at the start of a major ramp up above and beyond so we'll be a major
05:34Contributor to that NATO has to deliver on that we're working intensively in order to do it as well
05:41Prosperity for the people of Greenland
05:44Once in the end it comes back to the people there and there are opportunities to do that in ways that would strengthen all of the alliance
05:52And when President Trump says oh, you know Greenland's under threat from Russia even from China. Is that for real?
06:01I would say that there are there are threat Russia is without question a threat in the Arctic without question
06:08Russia does lots of horrible things and I'll take the opportunity to
06:14to
06:15Condemn their unjustified and horrific assault on Ukraine almost at its fourth year
06:21They are a real threat in the Arctic one against we need to protect which is why we have
06:30364
06:31five-day air sea and land presence is why we're adding to our submarine fleet are adding to our
06:37Air fighter fleet why we're building out over-the-horizon radar to protect from Russian missile threats and others and why we will work with our NATO partners
06:47The threat is more
06:51Perspective than actual at this stage in terms of actual activity in the Arctic and we intend to to keep it that way
06:59Another big issue that's going to come up this week is this board of peace that President Trump is keen on
07:06I'm not sure whether it's for Gaza or for the entire world, but apparently Canada has been invited. Are you going to join?
07:13We have been invited and
07:15Let me start by I think we should recognize the progress that has been made
07:20in at least
07:24Getting to the towards the end of the first phase of this of this process and the activation if I can put it that way of the process to set up the board of peace is the start of phase two
07:35our
07:36View is and and that's to be welcomed and this is a this is a
07:41Positive vehicle our view is we need to work on the actual structure of the vehicle you just referenced is it for Gaza?
07:48Well, the UN
07:51Resolution Security Council resolution 2803
07:54References a board of peace for Gaza. That's where we see it becoming immediately operative
08:00And it needs to be in our view. It's better to be designed in that way for the immediate needs there
08:06There are many other needs around the world first point second point it needs to coincide with the immediate
08:13Full flow of humanitarian aid into Gaza
08:16We are still not where we need to be conditions still are horrific
08:20So that needs to come alongside we think there's aspects of the government
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