China and Canada promote trade cooperation
On Nov 3, a delegation of Canadian business leaders signed 20 deals with Chinese counterparts in Beijing in order to promote cooperation and strengthen ties between the two countries during the global economic slowdown period. The contract signed at a time when China becomes the second-largest trading partner of Canada, only second to the US.
More than 200 business leaders from Canada and about 400 from China attended the second Canada China Business Forum. The latest business agreements cover such areas as airplane systems, international education, renewable energy and the environment.
Having fostered bilateral trade relationship with China is becoming increasingly important in coping with global economic turbulence, said Peter Kruyt, chairman of the Canada China Business Council.
During the first Canada China Business Forum in 2005, the two governments set a target to increase bilateral trade to $30 billion by 2010. But this figure climbed to $30.38 billion last year. What is more, this figure is keeping increasing year-on-year of 15.1 percent, according to Chinese customs figures.
As President of Canadian Manufacturers & Exporters, Jayson Myers said that strong demand in the Chinese domestic market is attracting Canada to promote partnership and explore opportunities.
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