Canada invests in jobs and economy growth in Laos, Oct 2024
- Justin Trudeau attended the ASEAN Summit in Laos on October 11, 2024, marking a historic visit as the first Canadian Prime Minister to do so.
- He announced a $128 million investment package to strengthen ties with ASEAN, including upgrading Canadian offices to embassies and focusing on climate change and security.
- These efforts aim to create good-paying jobs and enhance regional stability, reflecting Canada's commitment to a prosperous Indo-Pacific region.
Laos hosted the ASEAN Summit on October 11, 2024, where Canadian Prime Minister Justin Trudeau participated, marking the first visit by a Canadian Prime Minister to the country. During the summit, Trudeau announced significant investments aimed at strengthening ties with ASEAN nations, including upgrading Canadian offices in Cambodia and Laos to embassies. This move is part of Canada's broader Indo-Pacific Strategy, which seeks to enhance economic cooperation and address global challenges such as climate change and cybersecurity. The Prime Minister highlighted a $128 million package to deepen these ties, including $84 million dedicated to environmental initiatives and $11.9 million for peace and security efforts. Additionally, Canada aims to secure a free trade agreement with ASEAN, emphasizing the importance of collaboration in creating good-paying jobs and fostering economic growth in the region. The joint statement from Canada and ASEAN partners reaffirmed their commitment to a connected and resilient ASEAN region, showcasing Canada's dedication to being a proactive partner in promoting regional stability and prosperity.