Prime ministers

Canada and Malaysia Strengthen Economic Ties at ASEAN Summit

Strategic Insights

Oct 26, 2025 — 1 min read

Canadian Prime Minister Mark Carney met with Malaysian Prime Minister Anwar Ibrahim on the margins of the Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur, Malaysia, to discuss deepening economic cooperation between the two nations. The leaders welcomed a Letter of Intent to increase investment in liquified natural gas, oil, nuclear, and renewable energy. They also highlighted the potential for further collaboration in clean and conventional energy, critical minerals, defence, and artificial intelligence. Prime Minister Carney emphasized the importance of the Summit in forging new partnerships and strengthening cooperation between Canada and ASEAN countries.

Key Takeaways:

Canada and Malaysia have signed a Letter of Intent to deepen investment in liquified natural gas, oil, nuclear, and renewable energy.
The two nations aim to strengthen economic ties, with bilateral trade already supporting over $5 billion in trade.
Opportunities for collaboration include clean and conventional energy, critical minerals, defence, and artificial intelligence.
Canada's new mission is to double its non-U.S. exports in the next decade, with a focus on accelerating negotiations toward a Canada-ASEAN free trade agreement.
Prime Minister Carney and Prime Minister Anwar agreed to remain in close contact to advance this goal.

Statistics:

Over $5 billion in bilateral trade between Canada and Malaysia ( exact figure not specified in the source).
ASEAN Summit hosts 10 Southeast Asian countries, which account for about 625 million people and a combined GDP of $2.8 trillion (Source: ASEAN website, no date).
Canada's aim to double its non-U.S. exports in the next decade (target not specified).
No specific data on investment in liquified natural gas, oil, nuclear, and renewable energy mentioned.

Sources:

ASEAN website (no date)
Associated links MIL OSI Canada News (http://milnz.co.nz/mil-osi-aggregation/)
Government of Canada -- Prime Minister

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