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The Guardian - UK
The Guardian - UK
World
Justin McCurry in Gyeongju and Helen Davidson in Taipei

Era of free trade and investment is over, Canada’s PM tells Apec summit

Canada's PM, Mark Carney, shakes hands with South Korea's president, Lee Jae-myung, in front of a blue screen that says 'Apec 2025 Korea'.
Canada's PM, Mark Carney, and South Korea's president, Lee Jae-myung, greet one another at the Apec summit on Friday. Photograph: Yonhap News Agency/Reuters

The Canadian prime minister, Mark Carney, has warned that the era of free trade and investment that formed the foundations of the postwar global economy has ended.

In a stark message to Asia-Pacific leaders at the Apec summit in South Korea on Friday, Carney said rules-based open trade no longer worked in a global economy that was undergoing one of its most profound periods of change since the fall of the Berlin Wall in 1989.

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