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Canada To Decide On Potential Free Trade Agreement With China

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CHINA FREE TRADE AGREEMENT
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The article I have chosen is “Canada to decide on potential free trade agreement with China fall, with Asia seen as counterpoint to NAFTA renegotiation.” The Article was published on September June, 2017 by Marie Danielle. The article focuses on the disadvantages of free trade Agreement between China and Canada. It actually analyzes how federal government is benefiting from distraction of NAFTA trying to push efforts to boost trade in Pacific-Asia, with concern on a free-trade deal with China fall. The author talks about how Canada is trying to move on trade, with concerns arising on China free trade agreement and TPP coming to fall. Most of business …show more content…

There are various trade hindrances or barriers which are eliminated once a free trade agreement is reached. After I had gone through this article, I realize that Canada will encounter tough conditions one it signs a trade agreement with China even though she has to depend on China for she is much developed. China is capable of getting along and work with developed countries. The public in public are not keen on China hence Canada may not be willing to get into a full-fledged free trade agreement. The public opinion in Canada is fickle on this Canada-China trade agreement. From the research done by Angus Reid Institute shows that 29% support this idea, 31% will oppose and 40% don’t know. I think this is clear indication of the trade agreement. If they have to come into trade agreement, Canada should be careful. I also think the two governments are “positively inclined” to launch agreement even though it will be complicated. In spite of China being a leader in promoting globalization and even the open markets, but it is very difficult to invest businesses in China. This is because there is lack of domestic regulations and transparency which challenges business community. The Chinese may bicker on the restrictions in oil sands investment, lack of infrastructures and restrictions on bids from the enterprises owned by the state. In addition, high-tech sector with inclusion of anti-dumping measures such as steel products are big deals for

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