Trudeau arrives in Cambodia for ASEAN summit as Canada seeks deeper Indo-Pacific ties
"This is a generational shift," Trudeau told leaders gathered in Phnom Penh for a summit of the Association of Southeast Asian Nations.
"There are no surprises; the cards are on the table and our goal is to be present in the region," Foreign Affairs Minister Melanie Joly told reporters in French.The largest chunk, $133 million, will involve feminist-focused development aid in ASEAN countries, a quarter of which will be earmarked for Canadian civil-society groups.
As for Cambodia, Canada is one of its top trading partners, with bilateral trade amounting to $1.82 billion last year. Some 98 per cent of that involved goods Cambodia sold to Canada, such as garments and footwear, in exchange for just $38.5 million in Canadian goods like vehicle parts and artificial fur.
Wayne Farmer, head of the Canada-ASEAN Business Council, said Ottawa is falling behind the U.S., Australia, Britain and France in establishing strong trade ties with the region. Canada is still renowned in the region for taking a leading role in a global effort in the 1990s to clean up landmines. Still, Canada's private sector has a growing presence in the area, with Canadian pension funds investing across the region. Insurance companies like Manulife and Sun Life are household names in ASEAN countries like the Philippines. One of Cambodia's largest banks, ABA, is owned by Montreal-based National Bank.
"China provided most of Asia with vaccines while the global West hoarded supplies and prevented technology transfers in overseas production," he noted at a Nov. 1 panel.Reeves added that Canada's constant rhetoric about a rules-based international order does not resonate in Southeast Asia, where polling suggests many have a favourable view of China and Russia.
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