TORONTO – Canada is open to increasing trade relations with China now that it has finalized an agreement between the United States and Mexico, Prime Minister Justin Trudeau said today.
Trudeau says he will continue to look at Canada’s trading relationship with China in “thoughtful ways” and that the world’s second largest economy remains an important place to do business and look for opportunity.
READ MORE: Study says Canada needs trade with China, but the USMCA will make that more challenging
Get breaking National news
The prime minister made the comments during a keynote interview at the Fortune Global Forum in Toronto.
Under the newly agreed U.S.-Mexico-Canada Agreement (USMCA), all countries need to notify their trading partners if they engage in a free trade agreement with any “non-market economies”, including China.
WATCH: Stephen Harper says USMCA offers ‘opportunity’ to fix trade imbalance with China:
- OPP car chase leads to vehicle in Lake Ontario, SIU now investigating
- Remembering the 11 who lost their lives in Lapu Lapu attack 1 year ago
- B.C. court awards $1.8M in damages for assault, wrongful arrest by Metrotown guards
- Four female premiers on whether Christine Fréchette can avoid the ‘glass cliff’
Trudeau says the clause is now “reciprocal” among Canada, U.S. and Mexico.
He added that the USMCA has helped Canada secure “preferential access” to the U.S. market, and that it helped eliminate uncertainty in the economy.
Comments
Want to discuss? Please read our Commenting Policy first.