Prime Minister Carney welcomes Their Majesties King Carl XVI Gustaf and Queen Silvia of Sweden to Canada

In a extra harmful and divided world, Canada’s new authorities is remodeling our economic system – from one in all reliance on particular commerce companions to 1 that’s extra resilient to international shocks, constructed on the stable basis of sturdy Canadian industries and bolstered by numerous worldwide commerce companions.

Today, the Prime Minister, Mark Carney, welcomed Their Majesties King Carl XVI Gustaf and Queen Silvia of Sweden in Ottawa. The State Visit included Sweden’s Deputy Prime Minister, Ebba Busch, and the largest-ever enterprise delegation to accompany a Swedish State Visit to Canada. The go to displays sturdy and rising momentum in commerce, innovation, defence, and industrial cooperation between the 2 nations – positioning Canada and Sweden to capitalise on new alternatives for employees and companies.

During the go to, the 2 nations launched a brand new Canada-Sweden Strategic Partnership. This milestone settlement will higher join Canadian and Swedish industries and employees, particularly within the clear energy, important minerals, superior manufacturing, defence, forestry, analysis and innovation, and life sciences sectors. Our new partnership will assist create high-paying careers and stronger provide chains throughout each economies by analysis cooperation, higher info alternate, talent improvement, and extra. It can even strengthen Arctic and Euro-Atlantic collective safety – a precedence of each nations as NATO Allies.

By unlocking new financial alternatives and deepening commerce with Sweden, we’re taking a concrete step towards the purpose of doubling exports with non-U.S. companions and constructing an internet of commerce relationships across the globe. The new Strategic Partnership will drive progress at dwelling by serving to appeal to new buyers to Canada, crowding in personal capital, and positioning Canadian employees and companies to compete and win in a low-carbon, high-tech international economic system.

As a part of the go to, Prime Minister Carney additionally met with members of Sweden’s enterprise delegation to reinforce commerce ties between the 2 nations. He promoted Canada as a prime vacation spot for funding and outlined the federal government’s Budget 2025 plan to allow greater than $1 trillion in whole investments within the subsequent 5 years.

Canada’s new authorities is pursuing a daring plan to construct Canada sturdy – an economic system powered by Canadian employees, fuelled by innovation, and related to the world by numerous commerce partnerships. Budget 2025 units out that ambition, driving relentless efforts to unlock investments, strengthen provide chains, and create high-paying careers for Canadians.

Quote

“It was an honour to welcome Their Majesties King Carl XVI Gustaf and Queen Silvia of Sweden to Canada. Their visit is a reminder of the strong friendship between our two Arctic nations and the values we share. The new Canada-Sweden Strategic Partnership will advance our countries’ shared ambition to build stronger and more prosperous economies. Deepening our trade relationships with reliable partners will drive growth in Canada with transformational new opportunities for our industries and high-paying careers for our workers.”

Quick details

• The State Visit of Their Majesties King Carl XVI Gustaf and Queen Silvia of Sweden continues till November 20, 2025, with engagements in Ottawa, Ontario, and Montréal, Québec.
• The new Canada-Sweden Strategic Partnership formalises bilateral cooperation throughout 5 key pillars:
  • Economic improvement, competitiveness, commerce, and funding
  • Security, defence, and resilience
  • Arctic cooperation and North-North connections
  • Digital transition, analysis, science, innovation, know-how, well being, and life sciences
  • Climate, setting, and vitality
• Canada and Sweden are Arctic companions and NATO Allies, dedicated to collective defence, sustainable improvement, and the rules-based worldwide order. Both nations contribute to NATO operations and coordinate intently on Arctic safety, vitality resilience, and help for Ukraine.
• Under the Canada-EU Comprehensive Economic and Trade Agreement, practically all tariffs on items traded between Canada and Sweden have been eradicated, opening new alternatives for exporters and buyers in each nations.
• As a consequence, bilateral merchandise commerce between Canada and Sweden has grown by 89% since 2016, reaching $4.9 billion in 2024 – together with $804 million in Canadian exports and $4.1 billion in imports. Bilateral providers commerce was valued at $1.9 billion in 2023, with $1.3 billion in Canadian exports.

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