Canada and China Forge Plans Amidst US Tensions
- Canada and China aim too expand cooperation in areas like trade, energy, agriculture, finance, education, and climate change.
- Both sides have since discussed resuming and restarting cooperation.
- The two countries agreed to remove trade barriers and reduce tariffs, potentially creating "historic" gains for both.
Canada and China aim too expand cooperation in areas like trade, energy, agriculture, finance, education, and climate change. Chinese President Xi Jinping told Xinhua that he and Prime Minister Justin Trudeau launched a new phase of stabilizing and improving relations during a meeting in October 2023 at the Asia-Pacific Economic Cooperation summit in South Korea.
Both sides have since discussed resuming and restarting cooperation. Xinhua reported that healthy, stable relations serve the common interests of both countries.
Trade and Customs Agreements
The two countries agreed to remove trade barriers and reduce tariffs, potentially creating “historic” gains for both. Canada will allow up to 49,000 Chinese electric vehicles into the Canadian market, subject to a most-favored-nation tariff of 6.1 percent.
canada expects China to lower tariffs on Canadian canola seed from 84 percent to around 15 percent by March 1. Canada is a major canola producer. China also plans to allow Canadian tourists to enter the country without a visa.
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