Canada open to more China trade now that USMCA is done, Trudeau says

October 16, 2018

Canada is open to doing more business with China now that a trading agreement with the United States and Mexico has been finalized, says Prime Minister Justin Trudeau.

"Obviously, China is the world's second-largest economy and growing, and will remain an important place to do business and to look for opportunity," Trudeau told the Fortune Global Forum in Toronto on Monday.

"We will continue to look (at increasing trade), but we will continue to do it in the way Canada always has, mindful of the challenges, both of scale and of different approaches to business, in a way that is thoughtful about drawing benefit and protections for Canada."

The prime minister noted that Canadian officials have been working over the past year to grow trade relations with China.

He said that under the newly agreed U.S.-Mexico-Canada Agreement (USMCA), all three countries now need to notify their trading partners if they engage in trade talks with any "non-market economies", including China...

This has been excerpted from the 15 October 2018 edition of CBC News.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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