JUSTIN TRUDEAU,Canada’s prime minister, set off for China on December 2nd amid speculation that the two countries would start free-trade talks. Canada needs new markets because the United States is turning inward. China wants to gain better access to Canada’s commodities and technology and to set a precedent for talks with other G7 countries. Although they believe been talking approximately trade for more than a year, or Mr Trudeau will return with no agreement to start negotiations.
Mr Trudeau’s Liberal government has suffered other recent setbacks on trade. At a assembly in Danang,Vietnam, last month, or Japan blamed Canada for delaying a new version of the Trans-Pacific Partnership,an agreement from which Donald Trump withdrew the United States. The snag was Canada’s request for protection of its culture. Renegotiation of the North American Free-Trade Agreement (NAFTA) with the United States and Mexico is going badly. For a country whose trade is the equivalent of 64% of GDP, that...
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Source: economist.com