Off Topic

Trudeau wants to know “how to best proceed” on a possible free-trade agreement with China

  • Last Updated:
  • Aug 14th, 2017 11:16 am
Deal Expert
User avatar
Dec 26, 2005
15090 posts
1086 upvotes
Thornhill
Redsanta wrote:
Mar 11th, 2017 9:47 pm
Is this gonna ends up with more chinese ppl buying property here driving even higher price appreciations leaving locals priced out forever???
We should go to China and buy up all their frickin' properties dammit!

bjl
What we do in life echoes in Eternity... and in Google cache.
RFD discounts for Schluter products
Deal Addict
Jan 17, 2012
2687 posts
80 upvotes
Toronto
I call for a North American Union. Canada, U.S. and Mexico as 1 trading block so we all have a chance of competing against China.
Deal Addict
Feb 9, 2009
4182 posts
1918 upvotes
silky28 wrote:
Mar 12th, 2017 7:02 am
I call for a North American Union. Canada, U.S. and Mexico as 1 trading block so we all have a chance of competing against China.
We kinda do...
Deal Expert
Oct 6, 2005
15928 posts
1840 upvotes
silky28 wrote:
Mar 12th, 2017 7:02 am
I call for a North American Union. Canada, U.S. and Mexico as 1 trading block so we all have a chance of competing against China.
23 years too late ... a stronger union with the United States would be a good thing for the Canadian economy, but Trump is moving in the opposite direction. As such, Canada needs to branch out and look to Europe and China as alternatives.
Deal Addict
Jan 17, 2012
2687 posts
80 upvotes
Toronto
Sanyo wrote:
Mar 12th, 2017 9:06 pm
We kinda do...
No, we have a free trade agreement between those countries.
Penalty Box
Nov 1, 2001
1427 posts
52 upvotes
I wonder how much trudeau really admires the Chinese system.
Zero advantage for Canadians.

http://www.theglobeandmail.com/news/pol ... e34412957/

Behind the pay wall:
China's new envoy says Beijing is seeking unfettered access for Chinese state-owned firms to all key sectors of the Canadian economy during free-trade talks now under way with Ottawa – including an end to restrictions barring these enterprises from investing in the oil sands.
The envoy also signalled that China does not want human rights to be used as a "bargaining chip" in free-trade talks with Canada. Ambassador Lu Shaye told The Globe and Mail that China will regard as trade protectionism any attempt by Canada to invoke national security to block state-owned firms from buying Canadian companies or doing business with the federal government.

Canadian and U.S. intelligence agencies have warned that these enterprises or even non-state-owned firms, such as Chinese telecommunications and networking equipment giant Huawei, act in the interests of China's Communist Party.

But Mr. Lu discounted the security concerns, suggesting Canadian spy agencies were acting for political reasons. He left little doubt that China would be miffed if the Trudeau government made national security an issue during trade talks.
"Investment is investment. We should not take too much political considerations into the investment," he said, speaking through an interpreter. "Just like the negotiations of the FTA, we should not let political factors into this process. Otherwise, it would be very difficult."
Mr. Lu, who sat down for his first exclusive interview this week, said the initial round of exploratory trade talks took place in late February and a second meeting will happen in April.
Mr. Lu assumed his post as China's new ambassador to Canada in early March.
He said Beijing's focus in the negotiations is to remove Harper-era barriers that limited takeovers of oil-sands companies by state-owned enterprises, specifically from China, and to expand Chinese investment throughout the Canadian economy.

"All enterprises should be treated equally," he said. "No matter if they are state-owned enterprises or private enterprises, they are equal. They are both Chinese enterprises."
Fortune Magazine says 12 of China's biggest companies – including massive banks and oil companies – are state-owned. The government appoints the CEOs and makes decisions on large investments. Only 22 of 98 Chinese companies on Fortune's Global 500 list are private.
Mr. Lu, who played a major role as an envoy in Africa where he helped China acquire mineral rights, said his country's investment ambitions go far beyond scooping up Canadian resources.
"China has invested in many aspects in energy and mining. But now other areas are expanding, such as manufacturing, agriculture and scientific research," he said.
Prime Minister Justin Trudeau has made deepening trade relations with China, including a free-trade deal, key foreign-policy objectives and the Liberals are also loosening restrictions on outside investment. In November, Ottawa announced it would raise the threshold for automatic reviews of foreign takeovers to $1-billion two years ahead of schedule.
The Liberals have already signalled a greater willingness than the Harper government to open Canada's economy to Chinese investment.

As The Globe and Mail has reported, the Trudeau government set aside a Harper cabinet order blocking O-Net, a Chinese company with ties to the Chinese state, from buying a Montreal-area high-tech company – despite warnings from Canadian national security agency that the purchase would undermine a technological edge that Western militaries have over China.
"If the technology is transferred, China would be able to domestically produce advanced military laser technology to Western standards sooner than would otherwise be the case, which diminishes Canadian and allied military advantages," a national-security assessment had warned Ottawa about the O-Net transaction. The Liberals nevertheless are undertaking a new security review.
A concern frequently voiced by Canadian national security officials is that companies owned or partly owned by the Chinese government are not merely profit-seeking operations but make decisions and investments that serve the ruling Communist Party's larger strategic and geopolitical aims, including passing on technology or information to Beijing. The premise is that Beijing's long-term interests are often antithetical to Canada's and that state-owned firms or companies partly owned by the government are liable to be arms of China's political masters.
The former Harper government barred China's Huawei from bidding on federal government contracts in 2012 after the U.S. House intelligence committee issued a report, concluding that its ties to the Chinese state posed a national security threat.
Mr. Lu said Huawei and other Chinese firms are being scapegoated and denied they spy or act in the interests of Beijing.
"High-tech enterprises from China sell their products to countries all over the world, so only why here and your neighbour, the United States, have worries about those enterprises?" Mr. Lu said. "If we abuse the excuse of national security – this is the manifestation of trade protectionism."
The Chinese envoy argued that Western high-tech companies have no restrictions to invest and sell their products in China.
In fact, many of China's corporations – most notably in its financial and telecommunications sectors – are considered off limits to foreign investment.
Mr. Lu said China was open to negotiating a cybersecurity treaty as it has with the United States and Britain but flatly denied his country engages in industrial spying in Canada or elsewhere. "China never carries out any cyber espionage activities to other countries."
In 2014, the Harper government squarely blamed a highly sophisticated, Chinese state-sponsored actor for an intrusion into the National Research Council's networks that resulted in a shutdown of the agency's computer system for an extended period.
As part of the free-trade talks, the Liberal government has begun a consultation process with Canadians to hear their concerns about "issues relating to the environment, labour, gender equality, rule of law and human rights."
Asked whether Canada would address China's human-rights record in a trade deal, the Department of Global Affairs said in the consultation paper that the Liberal government is committed to a "progressive and inclusive approach to international trade that takes into account the impact of trade on areas such as labour and human rights."
It said a free-trade deal would not deter Canada from "urging and working with China to meet its international obligations in these areas."
However, Mr. Lu said China has no interest in talking about human rights or democracy during the trade talks. "We don't want one side to use democracy or human rights as a bargaining chip to make the other side compromise. The negotiations of the FTA should be confined within the area of free trade. If you let too many other factors into it, it would be very difficult."
Mr. Lu said Canada and China have still not begun formal bilateral talks on an extradition treaty – something that Beijing has become much more insistent upon since President Xi Jinping launched an anti-corruption campaign to track down Chinese citizens accused of economic crimes around the world.
The United States, Britain, and New Zealand have been reluctant to sign extradition treaties while Australia has not ratified one it signed in 2007, largely over concerns that China's legal system used torture to extract confessions, show trials and the death penalty for non-capital offences.
"We hope to strengthen our co-operations in judicial and law enforcement, jointly cracking down on all crimes including abuse-of-power crimes and economic crimes and making all crimes intolerable," the ambassador said.
Mr. Lu remarked on how relations had improved under Mr. Trudeau and said there was a possibility that Mr. Xi might visit Canada but he gave no time line.
Banned
Dec 5, 2015
1344 posts
434 upvotes
Thornhill, ON
Isn't this the starting point for every single trade deal?

Wouldn't Canada want unrestricted access to Chinese market as well?

What each country wants and what ends up being included are quite different

OP never negotiated anything before? Hahhaha
Banned
Dec 5, 2015
1344 posts
434 upvotes
Thornhill, ON
http://www.reuters.com/article/australi ... SL3N1GZ5XH

Our govt needs to speed up a trade deal with China as we get left behind as other countries woo China to get them to give them a trade deal

Germany and EU is working on one ...We definitely need to get in before China gives them a free trade deal.. Otherwise we are stuck with zero leverage with the US who dumps subsidized products on us and forces tarrifs on Canadian goods
(Reuters) - Australia and China are expected to sign new bilateral agreements on beef exports, energy and security during a four-day visit by Chinese Premier Li Keqiang that began on Thursday.

Li, the first sitting Chinese premier to visit Australia in 11 years, was welcomed to parliament in Canberra by Prime Minister Malcolm Turnbull amid extra security in the capital in the wake of an attack outside Britain's parliament by a suspected Islamist-inspired attacker.

During his visit, Li will meet Australian business leaders at trade forums and attend an Australian Rules Football League (AFL) match in Sydney before heading to New Zealand for two days.

Australia is seeking to take advantage of China's decision earlier this week to suspend meat imports from Brazil, the world's biggest exporter of beef and poultry, due to a scandal over sales of rotten and salmonella-tainted meats.

Australia, however, may have little scope to increase meat exports as its cattle herd is languishing near a two-decade low. Graziers were forced to cull cattle in record numbers following a drought induced by an unusually strong El Nino weather system between 2014 and 2016.

Beef is among Australian agriculture exports to China that were worth more than A$8 billon ($6.14 billion) last year. They have been propelled by the wide-ranging China-Australia Free Trade Agreement signed in 2015, cementing China position as Australia's largest trading partner.

"China must feed their nation but has 7 percent of arable land. Australia is seizing the opportunity to provide the high-quality, safe food," Turnbull said in a speech in Canberra.

Turnbull said he will also seek to progress a possible regional trade agreement as Australia seeks to minimise the impact of President Donald Trump pulling the United States out of the Trans-Pacific Partnership in January, effectively killing the accord in its current form.
Deal Expert
User avatar
Oct 26, 2003
26688 posts
1650 upvotes
Winnipeg
china is australia largest trading neighbor and is no surprise they would have a deal, we already have the states as our largest trading partner, extending free trade to south korea, japan and EU should be sufficient for the time being.
4930k/32gb/256gb ssd/8tb hdd/win10pro/msi 290
bst/free stuff/btc/ether
Deal Addict
User avatar
Sep 7, 2006
1077 posts
89 upvotes
So we have a free trade agreement with a country run by a one party dictatorship where the leadership hides their money to appear like the common plebs they rule over vs one with a corrupt "pay to play" system and wracked by political polarization in the USA.

Image
Banned
Dec 5, 2015
1344 posts
434 upvotes
Thornhill, ON
divx wrote:
Apr 23rd, 2017 10:24 am
china is australia largest trading neighbor and is no surprise they would have a deal, we already have the states as our largest trading partner, extending free trade to south korea, japan and EU should be sufficient for the time being.
China is world's 2nd largest economy and growing at 7-8% clip ..They are way more important than Japan, south Korea or even EU
Banned
Dec 5, 2015
1344 posts
434 upvotes
Thornhill, ON
Chuck Garabedian wrote:
Apr 23rd, 2017 10:29 am
So we have a free trade agreement with a country run by a one party dictatorship where the leadership hides their money to appear like the common plebs they rule over vs one with a corrupt "pay to play" system and wracked by political polarization in the USA.

Image
China is a much more stable trading partner than the states...We are not world police and world regime management..China is way better managed than US and corruption is much less amid the blatant corruption in white house that they don't even bother to hide

For trade..A stable govt regime is important..Not a daily flip flop on position like the US or bipolar ones like britian

This is why trade with world's second largest economy, with hundreds of millions of rich consumers is vital to hedge against the anti trade protective US that seeks to punish Canadian exports even more than before
Deal Addict
User avatar
Sep 7, 2006
1077 posts
89 upvotes
Doubleshot wrote:
Apr 23rd, 2017 10:36 am
China is a much more stable trading partner than the states...We are not world police and world regime management..China is way better managed than US and corruption is much less amid the blatant corruption in white house that they don't even bother to hide

For trade..A stable govt regime is important..Not a daily flip flop on position like the US or bipolar ones like britian

This is why trade with world's second largest economy, with hundreds of millions of rich consumers is vital to hedge against the anti trade protective US that seeks to punish Canadian exports even more than before
You do realize the media in China is state controlled and that goes for the information that gets realized around decision making, political scandals, corruption etc. in China? Just because there is "no bad news" from China does not mean there is nothing rotten going on. Take a tour of North Korea as a tourist and I'm sure you'll think it's a wonderful with the dog and pony show provided. Same thing (albeit likely to a lesser degree) that goes on in China.

I'm no fan of the political issues in the west but at least the media is better positioned to report on those issues. People here have the rights to report on those issues, it's entrenched in western society to be critical of our government, Try that in China and see where that gets you.
Deal Addict
User avatar
Sep 7, 2006
1077 posts
89 upvotes
Doubleshot wrote:
Apr 23rd, 2017 10:36 am
We are not world police and world regime management..
We....???? So your are a Chinese citizen. Are you posting from China or Canada?
Doubleshot wrote:
Apr 23rd, 2017 10:36 am
....and corruption is much less amid the blatant corruption in white house that they don't even bother to hide
So because they hide it better in China that mean's it's okay??? Out of sight I guess...so it doesn't exist right? :facepalm:

Top