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Mark Carney has helped create a new global trade alliance called the Pacific Atlantic Economic Compact with India, Japan, Australia, and Canada. This is not just a simple trade deal—it’s a large economic system designed to connect markets, supply chains, technology, and investments across four continents.
The agreement removes tariffs on most goods, integrates manufacturing supply chains, shares regulatory standards, promotes joint technology development, and allows easier investment between member countries. Together, these nations represent over 2 billion people and about 15% of global GDP, with access to major resources, manufacturing capacity, and fast-growing consumer markets.
Each country brings a key strength: India offers a huge and rapidly growing market and workforce, Japan contributes advanced manufacturing and technology, Australia provides critical minerals and strategic location in the Indo-Pacific, and Canada supplies energy, resources, and leadership in building the alliance.
The compact is designed to function as a self-sustaining economic system, potentially expanding to include other countries. Notably, the United States is not part of it, signaling a possible shift in global economic power away from U.S.-centered trade networks.
If you want, I can also make a 30-second version or a very simple English version for easier understanding.