China Hopeful for FTA with Canada

Dan Industry News Release, Trade

China is hopeful to create a free trade agreement (FTA) with Canada as tension with the United States grows.

ftaChina’s ambassador to Canada this week says he hopes to make progress on a free-trade agreement with Canada and others, according to Canada-based Global News.

The U.S. and China remain locked in a tit-for-tat trade war and China is seeking options for imports outside the United States. The trade war includes tariffs on U.S. agricultural products, presenting potential harm to U.S. farmers.

Free trade talks have also slowed between China and Canada as Canada has insisted on a progressive trade deal that would also cover some labor, environment, gender and governance issues. Officials say there was little progress on issues that are not directly related to trade.

Canada has its own tensions with China, as earlier this year Canada blocked a $1.5 billion takeover of a construction firm by a Chinese company, starting a trade deterioration between the two nations.

Source: National Association of Farm Broadcasting News Service.