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Canada and China promise to play fair with new trade deal


 

In a move to increase protection for Canadian investors in China, Prime Minister Stephen Harper and Chinese Premier Wen Jiabao signed a draft foreign investment promotion and protection agreement. The deal has been 18 years in the making. Details of the investment deal will not be released until both countries have finalized a legal review of the agreement, but it will likely include a dispute-resolution mechanism for investors who feel to have been unfairly treated in each other’s countries. Bloomberg reports Harper made specific mentions of cases where Canadian investments had not been approved in China, urging Jiabao to take action on specific investments by Manulife Financial and Bank of Nova Scotia. Harper also said he took advantage of the hour-long meeting with his Chinese counterpart to discuss Beijing’s human rights record and Canada’s disappointment over China siding with Russia to block a UN Security Council resolution on Syria.


 
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Canada and China promise to play fair with new trade deal

  1. I’ll believe it when I see it– actions, not words. But it’s a start I guess… 

  2.  And everyone knows that you can take China’s promises to the bank!

    • You mean as opposed to Harpers?

  3. If Canadians want to be oppressed by the Chinese gov’t like
    the citizens of China and Tibet, all we have to do is sit back and let the
    Chinese gov’t keep flooding our country with settlers or “immigrants”
    as they are known.  That is the main
    Chinese ethnic cleansing strategy after all in the territories  that they already control.  They are not the only gov’t that uses its
    influence to pressure for more and more immigration to Canada in order to build
    up a support base in this resource-rich country but they are currently the richest  and most brutal.    Maybe it’s time to launch investigations
    into how many politicians are accepting gifts and favours from foreign regimes,
    especially China, in return for supporting mass immigration from those countries.

  4. Although it is desirable to reduce barriers to trade; also, Fair Trade provisions are necessary to achieve mutual economic growth through trade.  On many other occasions trade has encouraged exploitation, and has not resulted in mutual prosperity.   Economic history is clear, if trade agreements result in exploitation then neither nation benefits much.

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