Chinese Premier Li Keqiang stick handles the puck away from Prime Minister Justin Trudeau as they sport Montreal Canadiens jerseys on September 23, 2016 in Montreal.
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Beyond trade, Chinese Premier Li Keqiang and Justin Trudeau have also discussed the idea of creating an extradition treaty between the two countries.
Canada and China have agreed on a solution to a trade dispute over C$2 billion worth of annual canola sales, lasting to 2020, leaders of the two countries said on Thursday. Two-way trade between the two was roughly 60.37 billion Canadian dollars (US$46.08 billion) in 2015, according to Statistics Canada data, trailing only Canada’s bilateral trade with the USA and with the European Union.
Li praised the reboot after a decade of cooling under the previous Canadian administration.
Bloomberg, who is also chairman of the Working Group on US RMB Trading and Clearing, kicked off the discussion by saying that China and the United States benefit from each other’s successes. Now, they’ve set their sights on two top Trudeau aides and best friends for how much they charged taxpayers for relocating to Ottawa.
“Canada has fallen behind, in terms of trade, in terms of relations, in terms of import and export”. Such an agreement runs the risk of making Canada complicit in the worst aspects of China’s inconsistent, politicized and often brutal judicial system.
The Canadian leader also announced a lifting of Chinese bans on Canadian canola and beef exports, and a tourism agreement that seeks to double two-way visits by 2025.
He said China is a firm defender of free trade and is committed to supporting efforts to advance trade liberalisation within the framework of the World Trade Organisation. Finally he added that maintaining stable relations with China is in the interests of both states and offered more opportunities to Canadians. Quan said a one on one deal will be best since China has already got trade deals with countries like Australia, New Zealand, and South Korea.
On Thursday a message was posted on the Facebook page of Gerald Butts, Prime Minister Justin Trudeau’s principal secretary, on behalf of Butts and Katie Telford, Trudeau’s chief of staff. An Instagram shot Wednesday showed Trudeau and Li sitting on Adirondack chairs, drinking beer.
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Chinese and Canadian firms have already signed deals worth more than a billion U.S. dollars earlier this month at the G20 in Hangzhou, covering everything from seafood to clean technology. “I could’ve kept going – I’m still a barbarian, still only a novice – but at one point I decided okay, I have to finish this book”, Trudeau told OpenCanada in a sit-down interview earlier this week, ahead of the book’s launch. If anything has happened over the ensuing months to alter the prime minister’s thinking on some of the major files the government has punted to the fall, he was not out to share that over the 20 minutes he spent answering two dozen media questions pertaining to the fall agenda.
