Canada's proposed free-trade agreement with ASEAN aims to diversify its trade relationships and lessen dependence on the U.S. Analysts believe this could help the region expand its sectors and boost economic diversification.

Canada’s proposed free-trade agreement with Asean could help the region expand its sectors ranging from mining to manufacturing and boost Ottawa’s aim to lessen its dependence on the US as both sides seek to accelerate economic diversification, according to analysts. Canadian International Trade Minister Maninder Sidhu confirmed with Bloomberg on Tuesday during a visit to Manila that Canada was keen to conclude separate pacts with the Association of Southeast Asian Nations and the Philippines...