US EditionCarney's 1st day in China secures agreements on energy — but no tariff breakthrough yet
Canada and China agreed to expand cooperation in oil, gas, nuclear, and clean technology despite unresolved tariffs on Canadian agricultural products, marking a significant step in trade relations.
- 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.
35 Articles
35 Articles
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Carney's 1st day in China secures agreement on energy — but no tariff breakthrough yet
Prime Minister Mark Carney witnessed the signing of an agreement to co-operate more with China on clean and conventional energy the first day of talks in Beijing on Thursday, after years of difficult relations between the two countries. But at this point, none of the agreements included a resolution to tariffs.
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