Tuesday, 02 January 2024 12:17 GMT

China says trade with Canada aims to promote peace, not target others


(MENAFN) China has stated that its economic cooperation with Canada is not aimed at any third party and instead contributes positively to global stability, following US warnings of steep tariffs should Ottawa deepen trade ties with Beijing, according to official remarks made Monday.

A spokesperson for China’s foreign ministry said Beijing views international relations as something that should be handled cooperatively rather than confrontationally. He said China “believes countries need to approach state-to-state relations in the spirit of win-win, rather than the mentality of zero sum, through cooperation, rather than confrontation,” as stated during a press briefing in the Chinese capital.

The comments came after the US president warned over the weekend that Canada could face sweeping trade penalties if it entered into agreements with China. “If Canada makes a deal with China, it will immediately be hit with a 100% tariff against all Canadian goods and products coming into the U.S.A.,” he wrote on social media.

Responding to the threat, the Chinese spokesperson said that Beijing and Ottawa have already developed “a new type of strategic partnership and made some specific arrangements on properly handling economic and trade issues between the two countries.”

He added that this framework “reflects the spirit of equality, openness, inclusiveness, peaceful cooperation, joint sharing and mutual benefit.”

Earlier this month, Canada’s prime minister traveled to China on an official visit, during which China’s president described the moment as a “turning point” in relations between the two countries.

During the visit, the Canadian leader commented that Canada’s relationship with China was “more predictable” than its dealings with the United States under the current US administration.

China and Canada formally established diplomatic relations in 1970. By the end of 2024, trade between the two countries had reached a value of $67 billion, according to figures cited by reports.

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