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Chinese hopeful of FTA with Canada

According to Canada-based Global News, China’s ambassador to Canada hopes to make progress on a free-trade agreement with Canada and others. The U.S. and China are locked in a trade war and China is seeking options for imports outside the United States. The trade war includes tariffs on U.S. agricultural products, presenting potential harm to U.S. farmers.

Free trade talks between China and Canada have also slowed as Canada has insisted on a progressive trade deal that would also cover some labor, environment, gender and governance issues. There was little progress on issues that are not directly related to trade.

Canada has its own tensions with China, as earlier this year Canada blocked a $1.5 billion takeover of a construction firm by a Chinese company, starting a trade deterioration between the two nations.

 

 
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