Australia and Canada have pledged to deepen ties across trade, defence, and clean energy, with plans to modernise a decades-old tax treaty, establish regular ministerial economic talks, and launch a new clean energy partnership — as both nations look to shore up their economic and strategic footing against a backdrop of growing global uncertainty.
Australian Prime Minister Anthony Albanese and Canadian Prime Minister Mark Carney issued a joint statement on 5 March 2026 at the outset of Carney’s first official visit to Australia.
The two leaders have committed to modernising the two countries’ 1980 tax treaty with a view to facilitating greater investment, including joint investment, among other things. The leaders acknowledged the Ngunnawal people as Traditional Custodians and celebrated four decades of the Canada-Australia Consular Services Sharing Arrangement.
Both nations are committed to deeper collaboration across economic security, defence, and clean energy sectors in response to mounting geostrategic pressures and intensifying global competition.
The leaders agreed to establish regular ministerial-level economic talks, with the Treasurer and Finance Minister meetings focusing on taxation, bilateral investment, and economic resilience. Industry Ministers will coordinate on industrial policy and economic security measures. A modernised Australia-Canada Tax Treaty will prioritise facilitating greater investment in infrastructure projects.
The newly signed Australia-Canada Clean Energy Partnership will promote bilateral trade and investment across renewable energy sectors, support grid modernisation, and develop sustainable supply chains. This initiative aligns with Australia’s role as the COP31 President of Negotiations.
