Latest news with #ManinderSidhu
Canada Standard
2 days ago
- Business
- Canada Standard
Minister Sidhu champions rules-based trade with Canada's Organisation for Economic Co-operation and Development and World Trade Organization partners
June 5, 2025 - Paris, France - Global Affairs Canada The Honourable Maninder Sidhu, Minister of International Trade, this week concluded his participation in the Organisation for Economic Co-operation and Development (OECD) Ministerial Council Meeting (MCM) and World Trade Organization (WTO) mini-ministerial meeting, in Paris, France. At the OECD MCM, Minister Sidhu reaffirmed Canada's support for the rules-based global trading system and its underpinning values. These include reinforcing the open, stable markets that ensure predictability amidst economic uncertainty, responsibly developing artificial intelligence and standing up for Ukraine. Canada served as vice-chair of the OECD MCM alongside Australia and Lithuania, under the chairship of Costa Rica. At the meeting, Canada and the Philippines formally took on the role of the 2025 to 2028 co-chairs of the OECD Southeast Asia Regional Programme (SEARP), a program that was created to address economic and development challenges in Southeast Asia. Minister Sidhu announced that Canada will contribute $2 million to support SEARP's activities, which align with Canada's Indo-Pacific Strategy and Strategic Partnership with ASEAN. At the WTO mini-ministerial meeting, Minister Sidhu advocated for deep and meaningful reforms of the WTO to ensure its rules are modernized and continue to support a rules-based global trading system. Canada also called for a pragmatic approach to the WTO's 14th Ministerial Conference that considers current economic challenges. While in Paris, the Minister also hosted a business round table with Canadian companies active in the French market. As Canada seeks to strengthen its collaboration with reliable trading partners, the Minister heard the business representatives' first-hand perspectives on the opportunities for Canadian businesses in France.
Canada Standard
3 days ago
- Business
- Canada Standard
Minister Sidhu advances Canada's trade priorities with G7 trade ministers
Canada News Centre 05 Jun 2025, 21:49 GMT+10 June 5, 2025 - Paris, France - Global Affairs Canada This week, the Honourable Maninder Sidhu, Minister of International Trade, hosted a meeting with G7 trade ministers in Paris, France. Minister Sidhu led an important discussion on the G7's role in contributing to a trade environment that supports our shared goals of driving economic growth, creating good-paying jobs, and building long-term prosperity. The G7 trade ministers engaged on pressing issues that are impacting the global economy. Minister Sidhu reaffirmed Canada's commitment to the rules-based global trading system and the principles that underpin it. He highlighted the need for open, stable markets that ensure predictability amidst economic uncertainty, which is particularly important for small and medium-sized enterprises disproportionately affected by trade disruptions. The minister also emphasized the importance of addressing the impacts of non-market policies and practices on our workers, businesses and economies.
Canada Standard
30-05-2025
- Business
- Canada Standard
Minister Sidhu to advance Canada's trade priorities in Paris, France
Canada News Centre 30 May 2025, 20:30 GMT+10 May 30, 2025 - Ottawa, Canada - Global Affairs Canada The Honourable Maninder Sidhu, Minister of International Trade, will be in Paris, France, from June 2 to 4, 2025, to attend the Organisation for Economic Co-operation and Development (OECD) Ministerial Council Meeting (MCM), participate in meetings with WTO ministers and host a G7 trade ministers' meeting. At the OECD MCM-chaired by Costa Rica with Canada, Australia and Lithuania as vice-chairs-Minister Sidhu will advance Canada's trade priorities, including reinforcing open and stable markets, diversifying our trading relationships and leveraging the digital economy. These priorities will help Canada foster sustainable and inclusive economic growth, benefiting Canadian businesses, workers and communities right across the country. As Canada holds the G7 presidency this year, the Minister will host a trade ministers' meeting, where he will emphasize the G7's critical role in promoting economic prosperity for citizens and businesses and strengthening economic security and resilience amid evolving global trade challenges.
Canada Standard
25-05-2025
- Business
- Canada Standard
Minister Sidhu advances Canada's trade priorities in Ecuador
May 24, 2025 - Ottawa, Ontario - Global Affairs Canada The Honourable Maninder Sidhu, Minister of International Trade congratulated Ecuador's President Daniel Noboa on his election and reaffirmed Canada's commitment to expanding trade and investment between the two countries. Together with his counterpart Luis Jaramillo, Minister of Production, Foreign Trade, Investment, and Fisheries, Minister Sidhu issued a joint statement marking the successful conclusion of substantive negotiations for the Canada-Ecuador Free Trade Agreement (FTA), with the goal of bringing it into force as soon as possible. This agreement is a concrete example of Canada's efforts to diversify trade and create new opportunities for Canadian businesses. By reducing tariffs and other trade barriers, the Canada-Ecuador FTA will make it easier for Canadian companies to export to Ecuador, helping them grow and create jobs while benefiting workers and consumers in both countries. Minister Sidhu also took part in a roundtable with Canadian companies active in the mining, oil and gas, and infrastructure sectors. He emphasized Canada's support for businesses and responsible business practices, including protecting the environment, respecting workers' rights and working with local communities. Canada is supporting Ecuador in its efforts to enhance democratic and inclusive governance, combat crime and corruption, and protect the environment. To this end, Minister Sidhu announced a package of new international assistance initiatives totalling $26.22 million.
Canada Standard
23-05-2025
- Business
- Canada Standard
Minister Sidhu advances trade and represents Canada in Ecuador
Canada News Centre 23 May 2025, 20:23 GMT+10 May 23, 2025 - Ottawa, Ontario - Global Affairs Canada The Honourable Maninder Sidhu, Minister of International Trade, will represent the Government of Canada in Quito at the inauguration of President Daniel Noboa . Canada and Ecuador share a strong and growing relationship, which will benefit from the bilateral free trade agreement that is on track for timely ratification. Minister Sidhu will relay Canada's congratulations to President Noboa and his government for their election victory on April 13. On the margins of the inauguration, Minister Sidhu will engage with regional leaders to discuss Canada's role as a stable and reliable business partner for Latin America. While in Quito, Minister Sidhu will meet with representatives from Canadian mining companies, in particular to discuss critical minerals and infrastructure opportunities in Ecuador. He will speak with Ecuadorian business leaders about deepening trade and investment through the Canada-Ecuador Free Trade Agreement.
