Canada will seek to join a new Asian trade block as it tries to increase energy exports to the region following the U.S. decision to delay approval of TransCanada Corp.'s $7 billion Keystone XL pipeline, Prime Minister Stephen Harper said.

"This does underscore the necessity of Canada making sure that we're able to access Asian markets for our energy products, and that will be an important priority of this government going forward," Harper said late yesterday, according to a transcript of remarks to reporters at the Asia Pacific Economic Cooperation forum in Honolulu.

Harper told President Barack Obama in Hawaii that Canada is interested in joining the Trans-Pacific Partnership trade talks to boost trade with Asian nations, according to a statement from the White House. The Trans-Pacific is a trade agreement being negotiated by the U.S. and eight other countries, including Malaysia and Vietnam.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.