Mark Carney

revealed preference, to use a fancy term, is that you will pay a price to keeping access to that market, either in the form of tariffs, changes to some domestic policies, commitments for investment, different countries have done various versions of that. What you should try to avoid doing, though, is tying your hands about what you can do with other jurisdictions. Because there are a lot more countries

by GDP that are willing and keen to continue to have relatively open trade, certainly to have rules-based trade, to respect rules-based trades, and that is happening in parallel to these sharper changes. So you get a sharp change in the relationship with the US,

As the president has said, and I understand this, I respect it, he said it, me sitting next to him, we are going to charge countries for access to the US. It's like access to a good country club, I think he might have said, or Costco. To put it another way, I think he thinks more on country club than Costco. We understand it, it is the premium market, it's the most dynamic economy. You decide what you're willing to pay,

but at the same time you want to be in other clubs, you want to be at other tables, you want to be building that out. And I said I would make a point about the European Union. I think it's quite relevant for ASEAN, or if I may broaden it a bit more towards CPTPP, some members are part of that. These are two large trading blocks with not identical

but complementary approaches to trade. And there is an opportunity. It's a point I've made. It's a point some others in CPTPP have made. There is a possibility of bringing those closer together, having at a minimum a docking between the two blocks or broader arrangements. And that's how you start to rebuild

Aikaisemmassa globaalisessa sijaintosyhteisössä olet lähestymässä yhden kolmannen globaalisesta sijaintosta, mahdollisesti 40 prosenttia, riippumatta siitä, miten teet sen, vaikka olet pysähtynyt siltä, että voit tehdä sitä. Ja tällä hetkellä useimmat maat ovat tällä hetkellä. Miksi viime aikoina olit todellisesti uskottanut maanmuutosta, jonka olet tuotanut kotiin? Olin yleensä kysynyt kaikkia asioita, kuten säästöä, taistelua ja kestävyyttä, ennen kuin löysin Wild Alaskan yrityksen.

First, just to give a bit of context in terms of our ambitions, and they are large, we laid out last week that we want to increase our non-US exports by 50% within the next decade, shorter time frame than that. It's about $300 billion to give context to that. We would expect that

a substantial proportion of that will come from ASEAN. And it's one of the reasons why we're looking to complete the free trade agreement with ASEAN within the next year, and I met with both obviously, and I want to pay tribute to

Prime Minister Ibrahim, for his chairing of ASEAN great success this year. So I met and discussed with him, but also with next year's chair, President Marcos, and made that a priority. So ASEAN will play an important role in that.

As well, we will pursue a series of bilateral FTAs, and as it happens, again with the Philippines, we decided today that we would accelerate, both we would pursue a free trade agreement, but on an accelerated basis between Canada and the Philippines. We have a free trade agreement with the EU, we have one, we are of course a core to CPTPP, in fact we have free trade agreements with 15 countries,

jurisdictions around the world, two thirds of global trade. Now some of those free trade agreements operate a little more predictably than others. No prize for guessing which ones. And our strategy is to broaden

and deepen with those partners who believe in rules-based trade, who are complementary to us and who share the same values. Because in the end, you can write a lot down in terms of trade agreements. You know trade agreements well. They're about this thick. There's a number of negotiators I can see in there.

in the front row here, and business people who rely on the letter of the law, but it's also the spirit of it. And having the interests aligned. I'll finish on this, which is, I found it interesting coming into ASEAN this morning, as I walked in, the banners,

The neon banners were with the themes of ASEAN this year, which is inclusivity and sustainability. So its growth with inclusivity and sustainability is very recognizable for Canada and our approach. And that's the type of partnership that will help us realize that diversification. And here are the concluding remarks by Prime Minister Carney. Very powerful indeed. Let's play it. Are there big things you think are going to change? Well, I think it's...

I will quote our host, our ultimate host, the Prime Minister this morning, which is, where's the effect of the old world or the old system is gone, the new one has not yet formed. And so it's a big question and it's an important question because in many respects, those of us in this room will help determine where that is. And what we were talking about earlier is,

Canada Free Trade with ASEAN, CPTPP with EU, that link becoming there, following through on inclusivity and sustainability. The extent to which we actually follow that through, this room literally and metaphorically will help determine the direction of the global economy, or a substantial proportion of the global economy. And because it's ASEAN, because it's dynamic, because it's forward-looking, because it's young,

That sort of shows where the world is going. And so I think it can be incredibly influential. And look, we're out of time. Thank you, Prime Minister Mark Carney. Do join me in a huge round of thanks to Mark Carney, Prime Minister of Canada.

The big news this week is House Bill 4A, our annual building code bill and our association's top legislative priority.

The big news this week is House Bill 4A, our annual building code bill and our association's top legislative priority.

The big news this week is House Bill 4A, our annual building code bill and our association's top legislative priority.