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    • Justin Trudeau: “No American administration is automatically easy for Canada” | ECONOMY
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    Justin Trudeau: “No American administration is automatically easy for Canada” | ECONOMY

    Umito Posted on

    At the 2024 APEC CEO Summit, Canadian Prime Minister Justin Trudeau emphasized that while trade boosts economic growth, it does not automatically ensure that everyone benefits. According to him, this is something that must be guaranteed when negotiating free trade agreements: environmental protection, women’s rights, labor rights and indigenous peoples. Trudeau spoke on a panel alongside Mary Ng, Canada’s Minister of Export Promotion, International Trade and Economic Development.

    Trudeau argued that the economic rationale for inclusive trade lies in ensuring that everyone feels the benefits, by fostering “win-win” relationships in trade negotiations.

    “The moment people feel that trade has not benefited them at all, a win-lose system emerges. What we must ensure is a “win-win” situation, not only for the two countries involved, but also for the multiple nations participating in major trade agreements. » said Trudeau.

    He also announced the conclusion of the latest FTA between Canada and Indonesia, highlighting it as a signal of progress amid global protectionism and uncertainty.

    “The country is taking a decision that shows that, even in times of protectionism and insecurity, there are opportunities to reach strong and effective agreements,” » he declared.

    Minister Mary Ng wrote that in the business world, trade should be seen as a means to foster the growth of small and micro businesses.

    “In Canada, adding more women to the economy would bring $150 billion, and globally, $12 trillion. Trade works when everyone benefits: workers and everyone represented along the value chain. she explained.

    On US trade policies and NAFTA

    Regarding the impact of Donald Trump’s victory in the United States on FTAs, Trudeau pointed out that in 2016 he committed to breaking one of the NAFTA trade agreements – an agreement between states -United States, Mexico and Canada which eases trade restrictions. trade between the three countries – and this has had profound consequences in Canada as well as on the North American economy, he added.

    “At that time, there was a commitment to break one of the key pillars of NAFTA, and this had profound consequences for Canada and the North American economy. » he noted.

    In response, Canada has sought ways to modernize and adjust its trade relations.

    “The middle classes of Canada and the United States have been building together for decades and generations with immense success. It wasn’t easy then, and nothing will be easy this time. No American administration is ever automatically easy for Canada. They always focus strongly on their own interests. » underlined Trudeau.

    Cierre Apec CEREMONIA DE ENTREGA
    Cierre Apec CEREMONIA DE ENTREGA

    Harnessing artificial intelligence (AI) for global growth

    Trudeau also addressed Canada’s efforts to balance AI innovation with ethical use, ensuring it empowers people and businesses of all sizes.

    “It’s not just about big companies investing huge amounts of money. The question is how to bring AI to small businesses and reassure people that AI can create better opportunities. We must ensure a framework in the democratic world aligned with shared values ​​for this to be effective,” » he declared.

    Trudeau compared AI’s transformative potential to that of electricity more than 100 years ago, emphasizing that it will impact every industry and every job. The challenge is to manage these disruptions to minimize their impact on most people.

    However, he stressed that energy constitutes a major constraint for AI.

    “The energy consumption required for AI is not yet fully understood. Canada produces 80% clean energy, attracting global companies for its workforce and resources. But how can we develop the necessary clean energy? This is a crucial question,” Trudeau explained.

    Clean energy and nuclear energy

    Minister Mary Ng added that Canada is experiencing rapid economic growth and a young population, like parts of Asia-Pacific, will need significant AI infrastructure for manufacturing solutions, households and businesses. climate change.

    “Canada is a leader in clean nuclear energy, and we know that if we are to meet our carbon emissions reduction goals, nuclear energy must be part of the mix. Many APEC economies will play a role in this transition. We are excited to build nuclear power plants in Canada and export clean energy. she said.

    Umito
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