The Honourable Randeep Sarai, Secretary of State (International Development), has wrapped up a pivotal visit to the Philippines, signaling a deepened commitment to Canada’s economic partnership with the Indo-Pacific region.
During the visit, Canada announced a significant funding package of $76.45 million allocated to 12 new development projects across the Philippines and broader ASEAN member states. These initiatives are designed to foster inclusive economic growth, enhance climate resilience, and improve health outcomes.
Key Support for SMEs and Agri-Food A standout initiative for the business community is the Climate Resilient Agri-Food Trade Promotion Support (CRAFTS) project. With a $5 million investment spanning 2025–2031, implemented in partnership with TFO Canada, this project aims to:
Support Small and Medium-sized Enterprises (SMEs) in the processed food sector.
Empower businesses led by women and underrepresented groups.
Enhance access to international markets and climate-resilient technologies.
By aligning development assistance with trade promotion, Canada is laying the groundwork for expanded commercial ties and mutual prosperity in the region.
