Carney stresses the strength of ‘middle powers’ in Australia visit
Global News
The two countries are working to build links between the Trans-Pacific Partnership and the European Union. Accomplishing that would create a new trading bloc of 1.5 billion people.
In Australia, Prime Minister Mark Carney continued his argument that middle powers should band together, saying Canada and Australia share the advantages of legitimacy and trust.
“Australia and Canada can’t compel like the great powers; but we can convene, we can set the agenda, shape the rules, and organize and build capacity through coalitions that deliver results at speed and global scale,” Carney said in a speech at the Lowy Institute think tank in Sydney.
Carney hit on many of the same points as he did in his headline-making Davos speech in January.
“Middle powers have more power than many realize,” he argued.
Carney gave the example of Europe, Australia, Canada, Japan and South Korea, saying that, combined, they have a larger GDP than the United States and three times the trade of China.
Prior to Australia, Carney visited India, and will next head to Japan on the third and final stop of his 10-day trip.
Carney said Canada and Australia are both rich in critical minerals and are working together to build “the largest mineral reserve held by trusted democratic nations.”
Canada and Australia could partner on more defence projects, such as those involving AI and aerospace, he said, adding that “right now, when we spend capital on defence, 70 cents of those dollars goes to the United States.”
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