00:00We need to build new trade relationships in order to move from reliance to resilience.
00:06And it's truth that Canada has long benefited and we are very grateful.
00:12We have long benefited, we did say thank you, thank you, long benefited from our proximity
00:19to the world's largest and the world's most dynamic economy.
00:23But as the U.S. changes dramatically its policies, and that's the right of the United States,
00:28as it changes those policies, many of our former strengths have become our vulnerabilities.
00:35We still, to be clear, we still have the best trade deal with the United States.
00:39Over 85% of our goods move tariff-free across the border.
00:44But with American tariffs, so-called 232 or strategic tariffs on autos, steel, aluminum,
00:50forest products, I could go on, but in these so-called strategic areas, those are creating
00:56deep challenges for our workers and firms in those industries.
01:00Industries that until now had been highly, highly integrated with the United States to the benefit
01:06of America as well as Canada.
01:08And our response begins by reimagining aspects of North American integration.
01:14And to be absolutely clear, Canada, like Mexico, Canada remains open to deeper integration, including
01:24options for fortress North America in selected sectors.
01:28And to be clear, those offers are on the table.
01:32But if that route is not ultimately possible, we will invest heavily in new markets and products.
01:41We'll reward those who build, buy, and produce in Canada, and we will build new partnerships abroad.
01:48We're already applying the main lessons of the past 18 months, that we must build our strategic
01:55autonomy.
01:57Now, that starts with meeting our NATO obligations.
02:01Meeting our NATO obligations, and it has to be said, for the first time since the fall of
02:06the Berlin Wall.
02:09We are in the process beyond that, moving forward of catalyzing half a trillion dollars of investment
02:16in defense and security and resilience over the next decade.
02:20But it means more than that.
02:21Building strategic autonomy means more than defense and security.
02:24It means building new, reliable partners abroad, partnerships abroad.
02:30We've signed, in the last year, 20 new economic and security agreements across five continents.
02:36We're on track to conclude major trade agreements this year with India, with ASEAN, and Mercosur.
02:44And the early results of this strategy are encouraging.
02:47Non-US exports are up sharply.
02:50We're on track to double them this decade.
02:53Foreign investment in Canada is at its highest in two decades, and it's running more than
02:58twice the rate adjusted for the size of our economy of all other G7 economies.
03:05And we're making this progress.
03:07We're making this progress because Canada is blessed with what the world wants, from energy
03:12to critical minerals, from aerospace to AI.
03:15We're making this progress because we have the values to which much of the world aspires,
03:22including commitments to sustainability, the rule of law, the belief that openness brings
03:27strength and mutual benefit.
03:30And we're making this progress in part because we've recognized, in some cases before others,
03:37the degree to which, in the new world, sovereignty requires more than a country just being able
03:44to feed, fuel, and defend itself, as important as that is.
03:47It requires access to those critical minerals, to space-based communications, to sovereign cloud,
03:54AI, payment systems, clean energy, and vaccines.
03:57And all of that demands partnership.
04:00And there's no one-stop shop for that partnership.
04:03We need a variable geometry, a dense web of partnerships across those core strategic capabilities
04:11and issues drawing on common values and interests, because it's those common values and interests
04:15that will assure alignment and respect to those agreements.
04:19So from the Coalition of the Willing to Support Ukraine, where we're one of the largest per capita
04:24contributors, to the G7's Buyer's Club for Critical Minerals, and our AI partnership with India and Australia.
04:33For Canada, this also includes being the only non-European country to join SAFE,
04:38the European Union's Defence Procurement Initiative, and it includes intensifying defence, security,
04:46and economic partnership with the Nordic countries.
04:50Now, talking about building, building partnerships, building directly, but I want to focus
04:57on what is just as important as that physical build, which is how we build, how we build.
05:03We're focused on building sustainably, because reducing emissions is not just a moral duty,
05:09it's an economic imperative. So that means those low-carbon homes, low-carbon trade corridors,
05:15low-carbon manufacturing, zero-carbon energy. We're building in solidarity with workers.
05:22Our focus is on creating good union careers for electricians, welders, carpenters, pipe fitters,
05:29the engineers who will build the homes, the ports, the energy systems of this country.
05:34Two weeks ago, we just created something called Team Canada Strong, and it's a soup to nuts,
05:41not cradle to grave, but 15 to education to job, soup to nuts approach to train up to 100,000
05:51new, highly skilled tradespeople over the next five years, giving young Canadians a seamless pathway
05:57from first job to skills training, internships, qualifications, job placements in a country that
06:05will be building for decades. So this is a pathway to a career that we will pay for.
06:11We're building inclusively, in close partnership with First Nations, Inuit, and Métis.
06:17That means free, prior, and informed consent on major projects. It means financing Indigenous ownership
06:25in those projects and significant economic benefit in their construction and operation.
06:32So when we're building physically, we're building inclusively, sustainably, in solidarity.
06:39And as this group has been talking about over the last 24 hours and living in your day jobs,
06:46these same values must hold when we build virtually.
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