Canadian Chinese Trade Agreements

The stagnation of the negotiations does not help anyone in Canada or China. Ottawa really should focus on creating a free trade agreement with Beijing. Prime Minister Harper`s December 2009 trip to the People`s Republic could be used to explore the possibility of a valid bilateral trade agreement between the two countries. If the initial discussions were successful, it would be a watershed moment in the Conservative government`s trade policy. It would also send an undeniable signal to the international community that Canada remains firmly committed to multilateralism and diplomacy and is strongly opposed to any form of protectionism. Equally important is that a Sino-Canadian free trade agreement can probably support China`s economic development and improve the living, working and living conditions of many of the country`s poor citizens. To that end, the Conservative Party should not allow its principles to impinge on any initiative to promote free trade with the CPP. China is certainly a human rights rapist, but it is not irremediable and it is unlikely that the public punishments of the Hu Jintao government will bear fruit. If Canada is to improve the human rights conditions for Chinese workers and dissidents, Ottawa should engage constructively by committing to a mutually beneficial trade agreement with Beijing. A pragmatic attitude towards a principle will ultimately lead to better long-term outcomes for Canada and China. Although the talks have been stalled for several years, Foreign Minister François-Philippe Champagne said a trade deal with Beijing could no longer be pursued. „I don`t see the conditions right now for these discussions to continue at that time,“ Champagne said in an interview with The Globe and Mail. „China in 2020 is not china of 2016.“ The North American Free Trade Agreement between Canada, the United States and Mexico came into force on January 1, 1994 and created the world`s largest post-GDP free trade region.

Until 2014, NAFTA`s GDP was estimated at more than $20 trillion, with a market of 474 million people. [5] [6] Based on this success, Canada continues to negotiate free trade agreements with more than 40 countries and has free trade agreements, most recently with South Korea, Canada`s first free trade agreement with an Asia-Pacific partner. Since 2018, Canada has also concluded two other important multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement with 10 other Pacific countries. [7] On September 21, 2017, CETA was provisionally implemented, immediately removing 98% of the EU`s customs positions on Canadian products. [8] Canada is currently the only G7 country to have free trade agreements with all other G7 countries.