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China has revealed its openness to deepen economic ties with Canada as Ottawa faced growing trade uncertainty with the United States. The Chinese embassy in Ottawa said it hopes Canada will create a positive atmosphere for discussions regarding the negotiation of a China-Canada Free Trade Agreement. China-Canada economic woes began in 2019 after China imposed restrictions on key Canadian exports, including canola seed. China’s ban was considered a retaliation for Canada’s arrest of Huawei executive Meng Wanzhou. Although the restrictions led to billions in lost sales, the economic impact is overshadowed by the threat of 25% tariffs on all Canadian goods promised by Donald Trump. Beijing seeks to bolster trade relations with Canada Beijing says it’s willing to deepen economic ties with Canada as Trump brings trade chaos, per the Globe and Mail. — unusual_whales (@unusual_whales) January 28, 2025 China’s embassy in Ottawa told The Globe that Beijing was open to talks on bolstering trade ties. The embassy said it’s willing to create a good environment for reviving Canada-China trade agreement negotiations in light of the U.S. trade threats. “China is willing to work with Canada to create a good environment for economic and trade co-operation based on correct understanding, mutual respect, seeking common ground while reserving differences, and mutual benefit.” ~ China’s embassy in Ottawa. Ambassador Wang Di from the embassy emphasized that fostering trade ties aligned with the interest of both nations. The embassy also highlighted China’s commitment to trade liberalization, regional cooperation, and economic integration within the Asia-Pacific. Carlo Dade, director of trade and trade infrastructure at the Canada West Foundation, revealed during his recent visit to Beijing that Chinese officials were open to trade discussions. He noted that officials from both China’s foreign affairs and commerce ministries did not dismiss his proposal that China should take…

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Filed under: News - @ January 29, 2025 7:26 am