Canada Plans To Communicate With China On Free Trade Agreements

Chrystia Freeland, Canada's international trade minister, said on Friday (December 30th) that it will start a face-to-face talk with the Chinese government in February 2017 to discuss the possibility of signing a free trade agreement between China and Canada in the future.

During his visit to China in September 2016, Prime Minister Trudeau expressed his intention to establish similar agreements with China on the establishment of free trade.

Chrystia Freeland, Minister of international trade, said:

In 2017, it will be the focus of our work. "

Exports to China now account for about 4% of total Canadian exports, while imports from China account for 7% of total Canadian imports.

Canada imports most of China's electronic machinery products, accounting for 25% of the total, followed by industrial parts, accounting for 18.75%.

Canada exports most of China's paper and building materials such as sawdust, accounting for 17% of the total, while rapeseed and other grain crops account for 14.66%.

Bulk wood and minerals accounted for 8% and 7% respectively.

If the two sides can sign a free trade agreement in the future, they will greatly increase the trade activity of these industries in China and Canada.

Canada reached the EU's 28 countries at the end of 2016.

Consensus.

The agreement on free trade between the two sides is about to be signed in early 2017.

If we can agree with the Chinese side on the free trade agreement in the new year, Canada will gain a huge advantage in the two most important export markets besides the United States.

More than 50% of Canada's current foreign trade activities are carried out between the United States and the United States.

But after President Trump took office, the two sides had some subtle changes in the foreign trade relations around the North American Free Trade Agreement.

Canada is now in great need of diversifying its own foreign trade partners, and China is one of Canada's largest markets in the Asia Pacific region.

Chrystia Freeland is coming soon.

Britain has also made some comments.

Chrystia Freeland said that in view of the fact that Britain has not yet implemented the euro, it is not clear how the trade relationship between Canada and Britain will change in the future.

But Chrystia Freeland said Britain was one of the most active supporters when Canada signed the free trade agreement with the European Union CETA.

At the same time, even after the British withdrawal from the EU, the free trade agreement itself will cover the UK.

Chrystia Freeland said that no matter how the British political situation changed because of Europe, Canada and Britain both promised to continue to maintain positive development of bilateral trade.

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On the last day of 2016, the safe answered the reporter's questions regarding the management of foreign exchange information declaration.

The strengthening of individual purchase of foreign exchange was mainly due to the continued appreciation of the US dollar in 2016. Although the Renminbi remained basically stable against a basket of currencies, Chinese residents' willingness to purchase foreign exchange (dollar based) reached the peak when panic overwhelmed the fundamentals, further exacerbating the devaluation of the renminbi.

The new regulation is characterized by increasing the spot checks and checks on individual purchase and payment of foreign exchange declarations, and improving the frequency of monitoring, analysis, screening and examination of personal declarations and paction data.

Many people have found that, starting in 2017, both the mobile Internet banking, the dot self service foreign exchange purchase machine or the dot counter buying foreign exchange need to complete an application for individual purchase of foreign exchange (hereinafter referred to as the "application form").

Individuals should choose the items for foreign exchange purchase according to their actual use and fill in all the detailed items involved in the selected items.

Prior to this, the safe has upgraded the monitoring system of $50 thousand for residents to purchase foreign exchange, which is in line with some characteristics of individuals suspected of buying foreign exchange and will be placed on the list of concerns by safe.

Guan Tao, a senior fellow of the CF40, told reporters that when the external factors caused domestic panic, "we should keep the enemy out of the house," and timely launch to avoid unnecessary internal fluctuations is the key to the management of the forty.

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