Health Care

Canada's Trudeau says trade negotiations with China may take years

Canada's Trudeau says trade negotiations with China may take years”

Prime Minister Justin Trudeau said he has talked with Chinese leadership about Canadian citizens now imprisoned in China.

But the first clues that it might not happen emerged late in the day.

'Golden era'Canadian Prime Minister Justin Trudeau, left, and Chinese Premier Li Keqiang shake hands at the end of a press conference at the Great Hall of the People in Beijing Monday, Dec. 4, 2017.

Ties between China and Canada have always been close, and under Trudeau, the two heads of government have agreed to meet annually in addition to holding a range of dialogues on various issues.

"There is a coming together on the sense that this is going to be a big thing, not a small thing and the importance of making sure that we are able to follow through in the ways, high expectations that Canada has of the outcome for Canadians but also high expectations that China knows it will be setting with its first deal with a G-7 country", Trudeau said.

The allure of a free trade deal with the world's second-largest economy had proved irresistible.

"As long as we act in the principle of mutual respect, equality and mutual benefit, then we can see mutual understanding and further promote this bilateral relationship".

He also called on both sides to intensify exchanges and deepen relations on education, culture, tourism and sports, and strengthen cooperation on key areas such as climate change and coordination within multilateral frameworks. Neither looked at each other as they did.

In his statement, Li added both counties believe in trade liberalization and removing barriers investment.

Canada is seeking to diversify trade away from the US, and that effort intensified after the Trump administration threatened to tear up the North American Free Trade Agreement if it couldn't wring concessions from Canada and Mexico.

Earlier on Monday Trudeau said in a joint statement with Chinese Premier Li Keqiang that the two had discussed a free trade deal and are "exploring" options, but failed to launch formal free trade talks as some had expected. The Canadian leader told reporters afterward the two countries only want to proceed if they can meet the "high expectations" that launching talks would create.

China dominates the $90-billion trade relationship now; its exports to Canada were worth more than $64-billion in 2016 and the gap has grown every year since 2012.

And unlike Canada's other free trade partners, China is a one-party state with a spotty human rights record. During recent talks in Danang, Vietnam, Trudeau lobbied for strong provisions for environmental protection, labour rights, and gender issues, and the name of the initiative was altered to be the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Negotiations on a revamped Nafta deal have been extended into next year.

Progress was nonetheless made Monday, with Trudeau saying Canada's beef and pork producers will have greater access to the Chinese market.

Agreement (NAFTA) and exited the Trans-Pacific Partnership (TPP), both of them trade pacts that Canada is part of.



Like this

Latest


06 Декабря 2017
JLR launches limited edition Range Rover at Rs 2.8 cr
Apart from that the SUV also gets body-coloured mirror caps and an exterior accent pack. And the interior boasts of "Bespoke by SVO" badging to add to the exclusivity.

06 Декабря 2017
Xiaomi launches Redmi 5A
With the Redmi 5 and Redmi 5 Plus launch event around the corner, Xiaomi is in overdrive mode in promoting the handset online. The phones have been mentioned to be in pre-stage stage revealing some specifications that may vary at the time of launch.

06 Декабря 2017
American voters aren't happy about the GOP's tax plan
Majorities of blacks (83 percent), Hispanics (70 percent) and whites (52 percent) disapprove of the president's job performance. A week ago, the bill had average ratings of 32 percent approval and 46 percent disapproval in polls from five organizations.

06 Декабря 2017
Ranked: the top 10 United Kingdom companies to work for in 2018
No British retailers managed to secure a spot in the top 10 this year, with Screwfix dropping from ninth to number 12. Facebook has made the list for eight of the 10 years that Glassdoor has published the report.

06 Декабря 2017
Supernus Pharmaceuticals' (SUPN) "Buy" Rating Reaffirmed at B. Riley
The stock increased 0.74% or $0.275 during the last trading session, reaching $37.425. 1,911,018 shares of the stock traded hands. Wbi Investments Inc decreased Leggett & Platt Inc (NYSE:LEG) stake by 56,496 shares to 92,596 valued at $4.86 million in 2017Q2.

06 Декабря 2017
I'm A Celebrity 2017: Georgia 'Toff' Toffolo 'unbeatable' in race for victory
Tough: The blonde beauty admitted her self-esteem has taken a knock since the break up and she doesn't feel like herself any more. He was also accused of messaging a 14-year-old girl inappropriately when he was 16, via Facebook Messenger.

06 Декабря 2017
IPL franchises to have heavier salary purses in 2018
In July early this year, the BCCI confirmed that both CSK and RR would be back for 2018 IPL, and replace RPS and GL. The decision was taken during the IPL Governing Council's meeting with the Committee of Administrators (CoA) here.

06 Декабря 2017
Home Depot Confirms 2017 Guidance; Issues Long-Term Targets
Paragon Wealth Strategies LLC raised its stake in Home Depot by 0.4% during the 2nd quarter. (NYSE:HD) for 219,875 shares. Of those analysts, 13 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell.

06 Декабря 2017
'Super Earth' that may host alien life identified
It was while looking through the data of K2-18b that Mr Cloutier noticed odd signals, which the researchers realised was a second exoplanet.

06 Декабря 2017
Serena Williams 'has entered' Australian Open
Williams won her 23rd Grand Slam at the 2017 Australian Open earlier this year when she defeated her sister Venus in the final.



Recommended