China wants to forge a historic free trade deal with Canada, but according to a senior Chinese official, this will require concessions by Canada on investment limits and commitment to build an energy pipeline to the shore.
FTA would benefit both countries. If it comes to FTA agreement between China and Canada will probably have flooding with Canadian agricultural and energy products to the Chinese market.
Businesses of both countries predict that free trade could boost Canadian exports by $ 7.7 billion by 2030 and create an additional 25,000 Canadian jobs.
Canada has a huge trade imbalance with China. Total bilateral trade was $ 63 billion in the first nine months of last year, but almost $ 49 billion of trade comes from Chinese imports.
Canada is possible to make the required concessions from China, as insecurity and the collapse of oil prices intensify pressure on the country's economy. The deal in the long run will support the economy and will likely lead to GDP growth.
E.Dimitrov JrTrader
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