Following the meeting, the Canadian side emphasized the importance of adhering to international trade standards and ensuring transparency in supply chains. Particular attention was given to the financial sector, as well as the impact of geopolitical tensions on energy markets, where China views Canada as a reliable supplier.
During the discussions, the parties also addressed pork trade. Despite some easing of trade restrictions after the Canadian prime minister’s visit to China, a 25% tariff on Canadian pork imports remains in place. Canada called for the removal of these barriers, stressing the need to reduce trade “irritants.”
Canada and China agreed to hold a high-level economic and financial dialogue in the second half of the year. Overall, the talks form part of Ottawa’s broader strategy to diversify trade and reduce dependence on the U.S. market, which remains key but increasingly challenging due to ongoing trade disputes.
China is Canada’s second-largest trading partner, with bilateral trade totaling about CAD 120 billion. Canada aims to increase its exports to China by 50% by 2030.
PigUA.info based on reuters.com