Trudeau says China-Canada trade deal needs to be ‘mutually beneficial’
Canadian Prime Minister Justin Trudeau said any trade deal with China will have to be mutually beneficial, showing no signs of compromising on domestic interests on Thursday (December 7) at the Fortune Global Forum in Guangzhou, China.
Despite leaving his trade minister in Beijing to salvage early talks of a possible free trade agreement with China, Trudeau showed no signs of rushing out any announcement of a formal trade deal. Canadians, he said, “need to be reassured that the values, the interests and the jobs that Canadians hold dear, are going to be compatible and fit in within that trade deal.”
Earlier on Tuesday (December 5), Trudeau had said that trade negotiations with China may “take years” to come through. But Canada is also facing tough choices after the United States threatened to pull out of the North American Free Trade Agreement (NAFTA).
Trudeau sought to reassure investors at the forum, “I think cancelling NAFTA, I think turning back the clock on really important measures that have benefited the United States and Canada and Mexico, would harm our citizens and I have to ultimately believe that that’s not going to happen.”