Ottawa ● Tue, November 29 2022
Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining C$2.3 billion (US$1.7 billion) in spending to boost military and cyber security in the region and vowed to deal with a “disruptive” China while working with it on climate change and trade issues.
The plan detailed in a 26-page document said Canada will tighten foreign investment rules to protect intellectual property and prevent Chinese state-owned enterprises from snapping up critical mineral supplies.
Canada is seeking to deepen ties with a fast-growing Indo-Pacific region of 40 countries accounting for almost C$50 trillion in economic activity. But the focus is on China, which is mentioned more than 50 times, at a moment when bilateral ties are frosty.
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