According to the Ministry of Commerce website, on November 3rd, Wang Wentao, Minister of the Ministry of Commerce, and Jocelyn Gourley, Minister of International Trade Canada, jointly hosted the 29th China-Canada Economic and Trade Liaison Committee meeting in Beijing. Both sides had candid and in-depth discussions on China-Canada economic and trade relations, cooperation in traditional and emerging fields, as well as mutual economic and trade concerns. Li Chenggang, Representative for International Trade Negotiations of the People’s Republic of China (at the ministerial level) and Deputy Minister of the Ministry of Commerce, attended the meeting.
Wang Wentao stated that under the strategic guidance of the leaders of both countries, recent economic and trade consultations between China and Canada have made positive progress. This includes further extending the relevant exemptions for the initial joint arrangements. The Chinese side is willing to continue leveraging the Economic and Trade Joint Committee as a main channel for resolving economic and trade differences and promoting economic and trade cooperation. We will continue to reduce the number of issues on the list and extend the list of areas of cooperation. At the same time, we will continue to implement the roadmap for China-Canada economic and trade cooperation. We will strengthen cooperation in traditional fields such as oil and gas energy, agricultural products, and consumer goods. We will also expand cooperation in emerging fields such as new materials, advanced manufacturing, clean energy, and smart agriculture, providing strong support for the development of China-Canada economic and trade relations.
Xidu stated that the development of relations between Canada and China is encouraging. Both sides are actively implementing the consensus reached by their leaders, and there have been fruitful results in cooperation in various fields. Canada has resumed exporting high-quality agricultural products to China, and bilateral trade has grown rapidly. The Canada-China Economic and Trade Joint Committee is one of the most important mechanisms for economic and trade exchanges between the two countries. Canada wishes to continue working with China on resolving issues and promoting cooperation within the framework of this committee. It also encourages both countries' enterprises to further expand trade and investment cooperation. In particular, Canada welcomes Chinese enterprises to actively participate in cooperation in areas such as modern agriculture, manufacturing, financial services, and energy.
Before the meeting, Wang Wentao and Xi Du attended the China-Canada Investment and Trade Roundtable. After the meeting, both sides signed a Memorandum of Understanding regarding the establishment of a Roundtable of CEOs from Chinese and Canadian business communities.
