China, Canada and Electric Vehicle
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China and Canada have pledged to improve relations after years of tension. Chinese leader Xi Jinping told visiting Prime Minister Mark Carney on Friday that he is willing to work on better ties.
China responded by imposing duties of 100% on Canadian canola oil and meal and 25% on pork and seafood. It added a 75.8% tariff on canola seeds last August. Collectively, the import taxes effectively closed the Chinese market to Canadian canola exports, an industry group said.
Agri-food and trade are foundations of the longstanding relationship between Canada and China – and China continues to be our second-largest export market. To renew and strengthen that relationship, Prime Minister Carney and President Xi secured a preliminary agreement-in-principle with landmark measures to remove trade barriers and reduce tariffs:
Canadian Prime Minister Mark Carney hailed a new “strategic partnership” with China during a meeting with leader Xi Jinping Friday, as the US ally took steps to reset ties with Beijing in the face of historic friction with Donald Trump.
Canada was one of the first Western countries to recognize communist China, establishing ties in 1970 under Prime Minister Pierre Trudeau
Leaders reaffirmed the principles and policies that have guided Canada-China relations. Canada reaffirmed its long-standing commitment to its One China policy. The two sides committed to advancing the Canada-China new Strategic Partnership in the spirit of mutual respect,
China and Canada signed six initial cooperation agreements on Thursday during Canadian Prime Minister Mark Carney's visit to Beijing, covering areas including energy, crime, culture, forestry and food safety.
China is hoping President Donald Trump's economic and military actions against other countries will weaken the U.S.-Canada relationship.
Hodgson also said Canada is open to more Chinese investment in its energy projects, noting that an arm of China National Petroleum Corp. has a sizable stake in the massive LNG Canada export terminal, and other Chinese firms have holdings in Alberta’s oilsands.