Canada will continue trade talks with China : Canadian PM Trudeau
Toronto. Canadian Prime Minister Justin Trudeau said Monday here that his country is to continue trade talks with China. Trudeau made the remarks at 2018 Fortune Global Forum, which kicked off on Monday.
The three-day forum has brought together the CEOs of the world’s biggest corporations-the Fortune Global 500-with innovators, builders, and other selected experts to explore the key issues shaping global business as Xinhua had reported.
“Let’s talk about where we can work together, in areas that makes sense for both of us that will benefit Canadians. Certainly, discussions are continuing with China on moving forward on various trade opportunities,” Trudeau said in an interview with The Globe and Mail before attending the forum Monday afternoon.
He said the US put forward a proposal during the negotiations that would have restricted Canada’s ability to negotiate trade agreements with China, but that section was watered down in the final agreement.
“They put forward a proposal in the USMCA originally that was very, very rigid on trade with China”, he said. “We got them to a place where we agree to mutually discuss trade negotiations we might make with China, which is positive for us.”
Canada has secured continued access to the all-important US market in the US-Mexico-Canada Agreement. Trudeau said that one of the lessons of the long and contentious negotiations to salvage the North American free trade agreement is that Canada is too reliant on the US, the destination for nearly three-quarters of Canadian exports.