Prime Minister Mark Carney expressed his anticipation for a meeting with Chinese President Xi Jinping as both countries strive to establish a new and stable trade relationship amidst evolving U.S. policies. Carney’s comments followed a positive discussion with China’s Premier Li Qiang in New York City, building upon previous interactions between trade ministers.
“We had very productive discussions that progressed from earlier calls and exchanges between our trade officials. These dialogues will deepen,” Carney stated during the United Nations General Assembly briefing. He mentioned his expectation of meeting President Xi Jinping in due course while maintaining an ongoing dialogue with the premier.
Carney highlighted various opportunities to enhance trade relations between Canada and China, particularly in clean and conventional energy, agriculture, and steel tariffs. He confirmed that Foreign Affairs Minister Anita Anand is scheduled to visit China shortly, with plans to also travel to India.
Throughout this year, Canadian businesses, analysts, and local politicians have urged Carney to strengthen Canada’s trade ties with China in response to U.S. President Donald Trump’s trade policy changes. Carney has emphasized negotiations with China as a top priority, with potential future meetings including the G20 Leaders’ Summit in November.
The longstanding trade and diplomatic relationship between Canada and China has been complex, marked by recent trade disputes, including reciprocal tariffs on electric vehicles, canola meal, seed, pork, and seafood. Efforts are underway to resolve these issues, with both countries committing to more regular communication.
Despite being Canada’s second-largest trading partner, there is room for growth in the Canada-China trade relationship. In 2024, Canada exported $30 billion worth of goods to China, significantly less than its exports to the United States, resulting in a trade deficit exceeding $57 billion with China that year.
During his visit to New York City, Carney promoted Canada as a reliable trading partner with global market connections. Speaking at the Council on Foreign Relations, he emphasized that Canada possesses valuable resources sought after by the world, emphasizing the country’s strategic position in global trade.
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