Ministers Morneau and Carr to visit China to co-chair Economic and Financial Strategic Dialogue
“Expanding and diversifying our relationships, particularly with fast-growing economies such as China, helps create stronger economic growth and more good, well-paying jobs for middle-class Canadians. I am looking forward to building a stronger platform for more Canadians to compete and succeed in China.”
- Bill Morneau, Minister of Finance
“China presents enormous opportunities for Canadian businesses looking to diversify into new markets. Through the Economic and Financial Strategic Dialogue, we will discuss ways to collaborate with this important partner and advance the dialogue to grow our trade relationship.”
- Jim Carr, Minister of International Trade Diversification
China is Canada’s second-largest single-country merchandise trading partner.
In 2017, two-way merchandise trade between the countries reached nearly $94.5 billion in value, accounting for 8.4% of Canada’s total merchandise trade.
In 2017, two-way trade in services between Canada and China reached $6.2 billion in value.
Canada’s two-way foreign direct investment relationship with China is deepening, with the stock of investment increasing from $15.9 billion in 2010 to nearly $27.1 billion in 2017.
Canada and China designated 2018 the Canada-China Year of Tourism, which includes initiatives to increase the flow of tourists and promote cultural activities.
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