A Canadian trade deal with China, similar to the tentative agreement it has with the European Union, is not possible according to Canada’s Prime Minister Stephen Harper.
“I think the fact of the matter is no one country in the world would have or would expect to have as comprehensive a deal as we have with the EU with China today.” said the Prime Minister on Friday (November 8) to an audience at the Toronto campus of Western University’s Ivey School of Business.
Although he acknowledged there are big opportunities for trade with Asia, the Prime Minister suggested but that countries such as India, China and South Korea aren’t making the same style of deal as the one Canada has tentatively reached with the EU.
He also insisted the government needs the ability to judge individual investment bids by state-owned enterprises. He suggested Canadians don’t want to see entire sectors becoming state-owned industries.
More information:
CBC News – Stephen Harper says EU-style deal not possible with China – here
Postmedia News – Stephen Harper defends foreign investment takeover rules – here
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