China’s Chief Trade Negotiator, Li Chengang, stated on Thursday that Beijing and Ottawa held frank, pragmatic, and constructive talks on developing economic and trade relations between the two countries.
Li Chengang co-chaired the Joint Economic and Trade Committee meeting in Ottawa with the Canadian side, where both parties discussed specific pathways to enhance bilateral cooperation, emphasizing the importance of continued communication and direct follow-up.
Beijing clarified that it is ready to manage differences through practical measures and constructive approaches, contributing to enhanced cooperation and reduced tensions.
This step represents a remarkable advancement in the negotiation process, especially after months of trade escalation between China and Canada.
Last year, Ottawa imposed tariffs on Chinese electric vehicle imports, a move that Beijing considered an unfair measure targeting its domestic industry.
China responded by announcing its intention to impose tariffs of 75.8% on Canadian canola shipments, raising widespread concern among Canadian exporters.
Canada subsequently expressed its openness to negotiations with China in order to reach a resolution to the ongoing trade dispute. These latest talks are seen as a positive indicator of the potential to ease tensions and pave the way for an agreement that safeguards the interests of both parties.
