Skip to Content Subscribe Our Offers My Account Manage My Subscriptions FAQ Newsletters Canada Canadian True Crime Canadian Politics Health World Israel & Middle East Financial Post NP Comment Longreads Puzzmo Diversions Comics NP News Quiz New York Times Crossword Horoscopes Life Eating & Drinking Style Sponsored Play for Ontario Travel Travel Canada Travel USA Travel International Cruises Travel Essentials Culture Books Celebrity Movies Music Theatre Television Business Essentials Advice Lives Told Tails Told Shopping Buy Canadian Home Living Outdoor Living Kitchen & Dining Tech Style & Beauty Personal Care Entertainment & Hobbies Gift Guide Travel Guide Amazon Prime Day Deals Savings National Post Store More Sports Hockey Baseball Basketball Football Soccer Golf Tennis Driving Vehicle Research Reviews News Gear Guide Obituaries Place an Obituary Place an In Memoriam Classifieds Place an Ad Celebrations Working Business Ads Archives Healthing Epaper Manage Print Subscription Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ Newsletters Canada World Financial Post NP Comment Longreads Puzzmo Diversions Life Shopping Epaper Manage Print Subscription HomeNewsCanadaCanadian PoliticsCarney welcomes other 'possibilities' with South Korea at NATO summit after passing on submarine bidA meeting with President Lee happened the day after Canada chose Germany and Norway's TKMS submarine deal over South Korea's Hanwha You can save this article by registering for free here. Or sign-in if you have an account.Canada's Prime Minister Mark Carney (L), his wife, Diana Fox Carney and Turkey's Treasury and Finance Minister Mehmet Simsek review troops during a welcome ceremony at Esenboga Airport to attend the 36th NATO Heads of State and Government Summit in Ankara on July 7, 2026. Photo by ABDULLAH GUCLU /POOL/AFP via Getty ImagesANKARA, TURKEY — Prime Minister Mark Carney was busy doing some aftercare with the South Koreans at the NATO Summit Tuesday after dumping their country’s bid to build Canada’s submarines and instead opting for a European builder.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. 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Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorCarney was set to hold a formal bilateral meeting with the president of South Korea, Lee Jae Myung, on Tuesday afternoon. But a spokesperson for the prime minister said both men bumped into each other in the NATO leaders’ lounge and had an informal discussion.Defence Minister David McGuinty described their exchange as “very encouraging.”“Obviously, when you have two bidders, one bidder is going to be chosen, the other will not,” McGuinty said of the bidding process. German Chancellor Friedrich Merz (C) holds a model TKMS (ThyssenKrupp Marine Systems) submarine as he poses with Canadian Prime Minister Mark Carney (R) and Norway’s Prime Minister Jonas Gahr Store during a meeting on the sale of the German-Norway developed TKMS submarine to Canada on the sidelines of the 36th NATO Heads of State and Government Summit in Ankara, on July 7, 2026. Photo by MICHAEL KAPPELER /POOL/AFP via Getty ImagesThe federal government announced earlier this week that it chose ThyssenKrupp Marine Systems (TKMS), a German-Norwegian partnership, to be its “preferred bidder” to replace Canada’s aging fleet of submarines. Its competitor was South Korea’s Hanwha Ocean, whose stock lost more than 20 per cent in value after the announcement.McGuinty noted that Hanwha remains the second bidder in reserve, in the event that negotiations with TKMS fall apart. The negotiations are expected to conclude by the end of 2027.“Look, there’s a lot of co-operation possibilities here between Canada and Korea,” the defence minister told reporters. “We’re going to continue building that relationship, and that’s exactly what the prime minister mentioned (in his discussion with President Lee).”Later in the day, Carney held a trilateral meeting with German Chancellor Friedrich Merz and Norwegian Prime Minister Jonas Gahr Støre. In their public remarks to the media, the three leaders praised the opportunity to work together on the proposed purchase of the 212CD TKMS submarine. This handout picture released by the press service of Ukraine’s Presidency on July 7, 2026 shows Ukraine’s President Volodymyr Zelensky (R) speaking with Canada’s Prime Minister Mark Carney on the sidelines of the 36th NATO Heads of State and Government Summit in Ankara. Photo by HANDOUT /UKRAINE PRESIDENCY/AFP via GettyThe three men stood in front of a large mock-up of a sub and held a model of the vessel in their hands.“This is an extraordinarily important partnership for Canada, and I would say more broadly, obviously, for our countries,” Carney said.Merz praised Canada’s “bold decision” which he said brings a “new era of co-operation.”“This is something which is bringing the people together, which is bringing our countries together,” he said.Støre said all three countries could end up with a total of 26 submarines. Canada is expected to order up to 12 of them but reserves the right to order fewer.The Liberal government has signalled that Canada, Germany and Norway’s relationship will be much more integrated than initially anticipated. McGuinty confirmed Tuesday there will be “a high degree of interoperability” included in the plan, meaning that they could share crews, for instance, or co-operate on Arctic surveillance. This handout picture released by the press service of Ukraine’s Presidency on July 7, 2026 shows Ukraine’s President Volodymyr Zelensky (3L) speaking with Canada’s Prime Minister Mark Carney (3R) on the sidelines of the 36th NATO Heads of State and Government Summit in Ankara. Photo by HANDOUT /UKRAINE PRESIDENCY/AFP via GettyCarney joked that he hoped the interoperability would include Norwegian soccer superstar Erling Haaland in time for the next World Cup, which was met with laughs.The TKMS deal does not mean that all three countries will do everything together.Eight countries have joined Canada’s efforts to establish the new Defence, Security and Resilience Bank (DSRB), a new multilateral financial institution that is bringing together like-minded partners to provide long-term, low-cost financing for defence initiatives.To date, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey and Ukraine are the founding members of the DSRB which is set to be headquartered in Canada, Carney announced on Tuesday. Germany and Norway are not part of the group for now.McGuinty said there is already a “good core” of member states who have signed on and that there is still lots to do before the DSRB is up and running, such as putting the final touches on design, setting up the bylaws of the bank and much more.“These things take time,” he said. “We’ll bring in other partners as we go along.”National Post calevesque@postmedia.comOur website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark nationalpost.com and sign up for our newsletters here. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.