by Mike Godfrey, Tax-news.com, Washington
24 April 2017
The Canadian Government is consulting on options for a possible free trade agreement (FTA) with China.
The Government said that engaging with Canadians will be an important factor in its decision on whether to ultimately launch FTA negotiations, and for determining its objectives and approach to any future talks. Canada and China have begun exploratory discussions in this area.
Bilateral trade between Canada and China was worth CAD85.2bn (USD63.3bn) in 2016. China is now Canada’s second-largest single-country trading partner.
International Trade Minister Francois-Philippe Champagne said that while the trading figures might seem impressive, “the reality is there is room for us to do a lot more.”
He argued: “Today, there are few places that offer us as many exciting opportunities for expanding growth and prosperity through trade and investment as the Asia-Pacific region, and especially China. As one of the largest, fastest growing economies in the world, China is an important part of the global economy, and an important partner for Canada.”
The consultation is open until June 2.
Published at Sun, 23 Apr 2017 19:00:00 -0500