Canada to sell oil in Asia and focus on Trans-Pacific Partnership

This article was last updated on April 16, 2022

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On Sunday, Canada’s PM Stephen Harper announced a new economic strategy that would focus on the Trans-Pacific Partnership and eventually trade oil and gas to Asian countries.

Harper and U.S. President Obama discussed the prospects over lunch. Both leaders talked about the limits of the Asia-Pacific Economic Cooperation summit in Honolulu.

In addition, both the leaders plan on sitting together again next month, perhaps to make the final announcement and give particulars of Beyond the Border security and trade program.

Before the sitting with Obama, PM Harper said: “We are disappointed. Nonetheless, I remain optimistic that the project will eventually go ahead because it makes eminent sense, and I would also point out, I think it’s important to note that there has been extremely negative reaction to this decision in the United States because this pipeline and this project is obviously what’s in the best interests of not just the Canadian economy but also the American economy.

“This highlights why Canada must increase its efforts to ensure it can supply its energy outside the United States and into Asia in particular, and that in the meantime Canada will step up with its efforts in that regard. And I communicated that clearly to the president.”

Moreover, the PM seemed confident afterwards and said the U.S. President has guaranteed him that his government is still reviewing the pipeline and that “his government has not taken a final decision on this matter one way or the other.”

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