Britain and Canada's finance departments issued a joint statement on the 25th saying that the “multilateral defense mechanism” that Britain participated in establishing and the “Defense, Security and Resilience Bank” led by Canada will operate as two different but complementary partnership mechanisms. According to British media reports, the two sides originally intended to merge the two mechanisms, but Britain then decided to go it alone. The statement said that the two countries have jointly determined that the two different operating mechanisms surrounding emerging industries, investment opportunities, and strategic financing are the best solutions.

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