US EditionCarney's 1st day in China secures agreements on energy — but no tariff breakthrough yet
Canada and China signed multiple energy and trade agreements to boost cooperation and exports, but tariff disputes remain unresolved, with energy exports to China up 84%, officials said.
- On Thursday, Prime Minister Mark Carney witnessed an agreement in Beijing to co-operate on clean and conventional energy, covering oil and gas development, liquified natural gas, petroleum gas, and emission reductions.
- Seeking to move past years of diplomatic tension, Mark Carney is in China to diversify exports and double non-U.S. exports, while officials say talks aim to lower tariffs on pork, canola and seafood imposed last year in retaliation.
- Carney’s ministers signed agreements to expand Canadian pet food exports and tourism, renewed a crime-fighting pact, and held talks with Contemporary Amperex Technology and China National Petroleum Corporation on Thursday.
- However, none of the agreements resolved the tariffs, negotiators say, and Beijing did not commit to buying more Canadian petroleum or liquified natural gas, while a Canadian government official warned progress may not secure a "definitive elimination" of tariffs.
- Carney said he was heartened by President Xi Jinping’s leadership and recent progress, while Wang Yi called the visit a turning point pledging stronger communication.
37 Articles
37 Articles
6 economic areas Canada and China have agreed to expand — and one big holdout
OTTAWA — Canada and China released a series of agreements Thursday aimed at boosting bilateral trade and investment — even if there is no resolution yet to the tariff dispute. “What it signals to me is a desire to basically revitalize (and) restart a whole bunch of institutional mechanisms that have gone dormant over the […]
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