Canada pours cold water on free trade with China - News Summed Up

Canada pours cold water on free trade with China


Explor­atory talks on free trade are dead, unlike­ly to be revive­d, says envoyOTTAWA: Canada’s envoy to Beijing on Thursday threw cold water on long-sought free trade between the two nations as an ugly diplomatic spat over Canada’s detention of a top Chinese tech executive drags into second month. But, he added, exploratory talks on free trade that started in September 2016 are now dead and unlikely to be revived in the forseeable future. “We are certainly not negotiating free trade with China either before or after this. During tense negotiations with the United States and Mexico to revamp a continental free trade agreement last year, growing trade with China was touted as a means of reducing Canada’s heavy trade reliance on the US. According to the latest government data, Canada exported C$2.1 billion ($1.6 billion) in goods to China in November while importing C$3.9 billion ($3 billion) in goods from China.


Source: The Express Tribune January 19, 2019 14:51 UTC



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