China, Canada to deepen economic ties

Résumé détaillé
During the dialogue, China and Canada agreed to deepen economic engagement and stabilize trade ties by extending key market access and tariff arrangements through 2028, according…
China and Canada's efforts to deepen economic, trade and financial cooperation are expected to benefit businesses in both countries and contribute to greater stability in global trade amid rising protectionism and mounting economic uncertainty, market watchers and business leaders said.
The renewal of bilateral engagement will bolster commercial confidence, expand market access and offer much-needed predictability for exporters and importers, underscoring the importance of dialogue in addressing differences and sustaining cross-border investment, they added.
Their comments came after He Lifeng, a member of the Political Bureau of the Communist Party of China Central Committee and vice-premier of the State Council, co-chaired the second China-Canada Strategic Economic and Financial Dialogue with Canadian lead persons Francois-Philippe Champagne, minister of finance, and Maninder Sidhu, minister of international trade, in Vancouver on Monday.
The vice-premier, who is also China's lead person for the dialogue, said that China is willing to work with Canada to deepen cooperation in areas such as the economy and trade, finance and investment, and promote the stable and healthy development of China-Canada economic relations, according to information released by the Chinese embassy in Canada.
Champagne said Canada is willing to strengthen policy coordination and deepen mutually beneficial economic and financial cooperation with China. Sidhu expressed his country's readiness to expand practical collaboration in trade and other economic sectors to advance bilateral commercial ties.
During the dialogue, China and Canada agreed to deepen economic engagement and stabilize trade ties by extending key market access and tariff arrangements through 2028, according to a statement released by the Canadian government last week.
The two countries agreed to extend preferential market access arrangements for Canadian canola meal, peas, lobster and crab until the end of 2028.
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