Canada has sent a large-scale business delegation to Japan, reflecting Ottawa’s push to diversify its trade partnerships amid an increasingly unstable global environment.
“The world has become a turbulent place. Supply chains built over a decade are being rewired overnight,” Canadian International Trade Minister Maninder Sidhu, who led the delegation, said at a reception in Tokyo on Wednesday. “We’re not just diversifying. We’re building big. We’re looking to (work with) trusted and reliable partners like Japan.”
In its diversification efforts, Canada has set a goal of doubling its exports to countries other than the United States, its largest trading partner, by 2035, generating about 300 billion Canadian dollars ($211 billion) in additional trade.
