Ottawa: Prime Minister Mark Carney has defended Canada's efforts to deepen trade and investment ties with Saudi Arabia, arguing that economic engagement is essential to strengthening the country's economy and creating new opportunities for Canadian businesses.
Speaking to reporters, Carney said Canada must pursue partnerships with key global markets while continuing to promote its values and international commitments. He emphasized that expanding trade relationships can help diversify Canada's economy, attract investment, and support employment across multiple sectors.
The Prime Minister's remarks come as the government faces questions over its approach to Saudi Arabia, particularly in light of the kingdom's human rights record. Critics have urged Ottawa to take a more cautious stance, while supporters argue that economic cooperation remains important in an increasingly competitive global marketplace.
Carney maintained that Canada can balance economic interests with its commitment to human rights and the rule of law. He said engaging with international partners does not prevent the government from raising concerns on issues of global importance through diplomatic channels.
Saudi Arabia has become an increasingly significant player in global investment, energy, infrastructure, and technology projects. Canadian companies continue to explore opportunities in sectors such as clean energy, mining, engineering, financial services, and advanced technology.
The government says its broader trade strategy is focused on opening new markets, strengthening supply chains, and ensuring Canadian businesses remain competitive internationally. Officials believe increased foreign investment can help drive long-term economic growth while creating jobs and expanding exports.
Carney reiterated that Canada's foreign and economic policies are designed to protect national interests while fostering constructive relationships with international partners.
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