President Ferdinand Marcos Jr. and Canadian Prime Minister Mark Carney have reaffirmed their commitment to conclude negotiations for a bilateral free trade agreement (FTA) before the end of the year.

The two leaders made the commitment following their bilateral meeting at the Vancouver Convention Centre.

"Prime Minister Carney and I reaffirmed our commitment to conclude the negotiations for a bilateral free trade agreement this year. We also renewed our commitment to increase our bilateral trade, stand against economic coercion, and build a resilient supply chain," Marcos said during a joint press statement.

The proposed FTA is expected to reduce or eliminate tariffs on key goods, expand market access, and create new opportunities for businesses, workers, and investors in both countries.

Canada's major imports from the Philippines include electronics and machinery, while its exports to the Philippines include mineral ores, meat, cereals, aerospace parts, and fertilizers.

The Philippines and Canada formally launched negotiations for a bilateral FTA in late 2025. Both countries are also participating in ongoing discussions for a broader ASEAN-Canada Free Trade Agreement.