Canadian PM talks business
Stephen Harper, Li Keqiang agree on series of economic, financial goals
Canadian Prime Minister Stephen Harper attended to business in his third official visit to China.
“I was pleased to meet with Chinese leaders and strengthen the foundation for future commercial collaboration,” Harper said. “That will help Canadian companies access the incredible opportunities this crucial market has to offer. This will in turn generate jobs and economic growth in Canada.”
Harper and China Premier Li Keqiang agreed to a series of initiatives under the CanadaChina Joint List of Outcomes 2014, including the establishment of an economic and financial strategic dialogue to enhance Canada-China commercial ties and the expansion of a Memorandum of Understanding on nuclear cooperation to increase exports to China.
The leaders also agreed to a set of measures to support the increased use of renminbi in trade, and commerce and investment between the two countries.
On Nov 9, the two nations issued a statement that Canada will establish North America’s first offshore RMB trading center in Toronto. They also signed a 200-billion yuan bilateral currency swap agreement.
“The establishment of Canada as a RMB centre will continue
wa‘ I s pleased to meet with Chinese leaders and strengthen the foundation for future commercial collaboration.” STEPHEN HARPER CANADIAN PRIME MINISTER
to raise our stature as a global financial centre and will facilitate increased trade and investment with China, thus benefitting the entire Canadian economy,” said Perrin Beatty, president and CEO of the Canadian Chamber of Commerce.
Harper also met with Chinese President Xi Jinping and discussed the bilateral relationship and international issues of mutual interest.
As part of promoting bilateral trade, Harper met with a Canadian business delegation from a wide range of sectors to discuss investment opportunities for Canadian companies in China.
He also witnessed a series of commercial signings between Canadian and Chinese firms that are expected to create more than 2,000 jobs in Canada. Harper also participated in the Canada-China Business Forum in Beijing, where he met with business leaders from both countries and highlighted the importance of the Canada-China commercial relationship.
While in Hangzhou, Zhejiang province, Harper announced that Canada will open new trade offices in the Chinese cities of Hangzhou, Xi’an, Xiamen and Tianjin. Canada’s trade network will now have 15 locations in China.
On the first day of the AsiaPacific Economic Cooperation (APEC) Leaders’ Meeting, Harper encouraged members to accelerate trade and investment liberalization, highlighting significant measures that Canada has taken to help facilitate international commercial flows.
“I was pleased to have the opportunity to meet with APEC leaders at the summit in Beijing and share with them the many measures that Canada is taking to stimulate international trade and investment in the Asia-Pacific region and beyond,” Harper said.
Harper was accompanied by John Baird, Canadian minister of foreign affairs; Ed Fast, minister of international trade; James Moore, minister of industry; Gerry Ritz, minister of agriculture and agrifood; and Alice Wong, minister of state for seniors.
Canadian Prime Minister Stephen Harper is greeted by Chinese President Xi Jinping upon Harper’s arrival at the Great Hall of the People in Beijing during his official visit to China on Nov 9.