Canada's Economic Relations with China PDF Download

Author: Raaj Tiagi
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 0

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Book Description
It does so by quantifying Canada's economic relations with China in terms of Canada's merchandise trade with China, its trade in services with China, inward and outward foreign direct investment between the two countries, and the presence of Chinese immigrants in Canada. [...] In 1973, the governments of the two countries signed a trade agreement that was fol- lowed by the establishment of the Canada-China Trade Council (based in Toronto) in 1978. [...] In addition, we look at foreign direct investment between the two countries and document the Chinese community in Canada, using the most recent data.6 Quantifying Canada's economic relationship with China would help identify the extent of Canada's economic linkage with China along the above dimensions. [...] For example, the World Bank ranks China 83rd (from a list of 178 countries) in its ranking of countries based on the ease of doing business.13 The Fraser Institute's index of economic freedom shows that China has made progress towards a more open economy but stil has a considerable distance to go to match other Asian countries and the most advanced economies in the world. [...] For example, from 1998 to 2007, trade with China has increased by more than 350% while trade with the world, excluding China, has grown at a much slower pace of 33% (figure 5.4).20 China's share in overall Canadian trade has grown The percentage of overall trade that Canada has with a certain trading partner, tells us how important that trade partner is in the overall trade profile of the Canadian.