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CANADA-Trade Ministers Confirm Negotiations On Investment Deal To Start
MNI (London)-Canadian Trade Minister Mary Ng and the Taiwanese minister responsible for trade negotiations John Deng held a call on 7 February, after which it was confirmed that Taiwan and Canada would begin formal talks on the establishment of a deal to encourage foreign investment. For Ottawa, this risks blowback from China, which views Taiwan as its sovereign territory.
- The Canadian Trade Ministry released a statement confirming the two ministers discussed trade, with Ng saying that "By beginning formal negotiations with Taiwan towards a Foreign Investment Promotion and Protection Arrangement, we are working to secure new opportunities for investment to support sustainable growth, establish new collaborations, and ensure good, well-paying jobs,"
- Relations between China and Canada remain somewhat frosty following the arrest of Huawei CFO Meng Wanzhou by Canadian authorities in 2018 and the subsequent arrest of two Canadian citizens accused of spying for China (all three were released in 2021).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.