August 15, 2012
The Honourable Ed Fast, Canada’s Minister of International Trade and Minister for the Asia-Pacific Gateway, and China’s Minister of Commerce Chen Deming, today announced the release of the Canada-China Economic Complementarities Study.
Canadian and Chinese officials began work on the Study at the 22nd Joint Economic and Trade Commission (JETC) in 2011 in response to Leaders’ instructions to explore means of deepening the Canada-China economic relationship. The Study provides a broad overview of the Canadian and Chinese economies and bilateral trade relations. It also examines seven economic sectors in greater depth, including: agriculture and agri-food (including fish and seafood), clean technology and environmental goods and services, machinery and equipment, natural resources and derived products, services, transportation infrastructure and aerospace, and textiles and related goods.
The Study highlights the strong momentum and expansion in bilateral trade and investment relations. It identifies a number of important complementarities and prospects for growth, at the same time as pointing to the need to address certain challenges to best take advantage of these complementarities. The Study concludes that "the Canadian and Chinese governments should continue to deepen and strengthen our bilateral trade and investment ties through appropriate bilateral instruments to ensure that Chinese and Canadian citizens can continue to build a prosperous and sustainable future."