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Canada PM Carney declares end of rules-based open trade era

Canadian Prime Minister Mark Carney says rules-based liberalised trade has ended amid profound global economic changes at APEC event.

GYEONGJU (South Korea): Canada’s Prime Minister Mark Carney said on Friday that the world of rules-based liberalised trade and investment had passed as the global economy was going through one of the most profound changes since the fall of the Berlin Wall in 1989.

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He was speaking at a business event at the Asia-Pacific Economic Cooperation gatherings in South Korea.

Carney also said that Canada aimed to double its non-U.S. exports over the course of the next decade. – Reuters

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