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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
OTTAWA, Oct. 23 (Xinhua) — Canadian Prime Minister Mark Carney said on Wednesday that he will double the country's exports to markets outside the United States over the next decade to reduce the country's economic dependence on the United States.
In a speech outlining his government's priorities for next month's federal budget, Mr. Carney said the nature of the trade relationship with the United States was changing and set a goal of doubling exports to markets outside the United States over the next 10 years.
The government is preparing to "build a stronger economy" against the backdrop of a "more dynamic, more competitive and more hostile world," Mr. Carney said.
"If we don't act now, the pressure will only mount," the prime minister said. "We won't be able to transform our economy easily or in a matter of months. It will require some sacrifices and take some time."
Since the beginning of this year, Canada and the United States have clashed repeatedly over tariffs. In March, Michael Carney declared that the traditional relationship between Canada and the United States, based on deepening economic integration, was "over," and that Canada must fundamentally restructure its economy.
In September, the Carney government announced a sweeping infrastructure plan covering energy, mining, and port expansion, aimed at boosting the national economy and reducing dependence on the United States.
The United States is currently Canada's most important trading partner, with about three-quarters of Canada's merchandise exports going to the United States. –0–
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