Relationship Between Canada And China
Trade agreement between Canada and China
Canada and China have a FIPA which stands for Foreign Investment Promotion and Protection Agreement which is a bilateral agreement. The purpose is to promote and protect trade between China and Canada through rules and regulations agreed by both parties. The agreement is a bilateral one so it a relationship between the two countries. This strengthens their relationship and increases their trust as trade can be smoother. Also this makes sure that these two countries are growing economically.
A joint venture between a business in China and a Canadian business
Air Canada and Air China are two companies involved with air travel. Air Canada is Canada’s biggest domestic and international airline, with destinations over 200 in the world. Air China is China’s only national airline but still operates internationally. It is one of the largest airlines in the world making Air China a perfect company to have a joint venture.
These companies recently signed a joint venture agreement in which allows the companies to prompt traffic growth between the …show more content…
countries.This is improve the travelling options people in Canada and China have as there are varieties of destinations for them. This reduces the price for air travel so more people can travel and the companies can increase their profit because they have a larger consumer base. Ultimately, this will help the trade between China and Canada as there will be more trust and easier negotiations since companies from the two countries are working together.
China’s role in different organizations
China’s involvement with the World Trade Organization (WTO) has been significant because the involvement of the Chinese economy which is getting stronger each day has made the WTO stronger.
China are the world’s biggest exporter and second biggest in importers. This status is relevant because the North American and European economies suffered from the crisis in 2008-2009 and other countries needed an exporter country. China didn’t suffer from the crisis and showed potential. Countries exported to China and this helped the global recession from being worse. Also due to an increased activity of trade China is involved in, it has motivated a South to South trade. This is trade between developing countries. More than 20% of the world’s trade is now between developing countries. China are also one of most active participants in the WTO in trying to achieve their
goals.
In the World Economic Forum, China acts as an inspiration to developing countries. 10 years ago, China were nowhere in the sphere of technology but in 2008, Chinese astronauts
were walking on the moon. Also in 2008 China hosted the Olympics game and built one of the best stadium in the world, the Bird’s Nest.China has been able to decrease the number of people in poverty in recent years because of the revenue and profit from trade.
China’s involvement with the Organization for Economic Cooperation and Development
is about helping developing places like the African countries. They help by building banks and and improve research infrastructure. Also China try to improve relationships with the developing country’s government by trading so this helps business and their economy. China has recently joined the Asian Development Bank OECD Anti-corruption Initiative, China is fighting against corruption in Asian.
China changed from a planned economy to a market economy recently and this will affect China’s involvement with the World Bank Group. China’s GDP will increase due to more individuals and firms taking part in the economy. With one of the largest populations in the world, manufacturing and trading with be one of China’s strongest points. This will help the World Bank because China’s economy is one that is rapidly increasing and a lot of profit and revenue would come from China since it is one of the largest exporters. Also they have reduced their pollution so they can’t be fined for it, also increasing the World Bank’s profit. By doing this, the World Bank can give out loans to countries in need to funds.
With the International Monetary Fund, China has increased the value of its currency as it is involved in more trade processes.
Other trade organizations and agreements China are involved in
The APEC which is the Asian Pacific Economic Forum in which their goal is to have sustainable economic growth in the Asian Pacific Region. China is one of the biggest countries in Asia and they use it as way of promoting trade towards Asia. This increases globalization as well as economic development in Asia. China is one the APEC large markets and they have used their resources APEC has to their advantage by improving their technology and human resources.
The EU and China trade has increased over the years as two of them are the biggest traders globally. China has become the EU largest market both in imports and exports. The EU and China have a bilateral agreement concerning services so most chinese workers work for the EU and vice versa. This helps China and EU have a variety of workers as people can have a positive impact on achieving China’s and the EU aims and goals. NAFTA is the North American Free Trade Agreement. China exports steels to Mexico because of Mexico's increased demand for the product. Also China is one of Canada’s leading trade partners and this promotes China in North America. Also this helps Chinese business as they will have a larger consumer base and more profit will be made.
These trade agreements helps China to improves China’s trading status because the are trading with top importers and exporters in the world so more countries will want to use this as a means to promoting themselves. Also China trades with a variety of different countries which means they may have free trade agreements with different countries. This helps other countries who don’t trade with China because they know Canada is country willing to listen to good offers and not shut anyone down.
Canada and China have a FIPA which stands for Foreign Investment Promotion and Protection Agreement which is a bilateral agreement. The purpose is to promote and protect trade between China and Canada through rules and regulations agreed by both parties. The agreement is a bilateral one so it a relationship between the two countries. This strengthens their relationship and increases their trust as trade can be smoother. Also this makes sure that these two countries are growing economically.
A joint venture between a business in China and a Canadian business
Air Canada and Air China are two companies involved with air travel. Air Canada is Canada’s biggest domestic and international airline, with destinations over 200 in the world. Air China is China’s only national airline but still operates internationally. It is one of the largest airlines in the world making Air China a perfect company to have a joint venture.
These companies recently signed a joint venture agreement in which allows the companies to prompt traffic growth between the …show more content…
countries.This is improve the travelling options people in Canada and China have as there are varieties of destinations for them. This reduces the price for air travel so more people can travel and the companies can increase their profit because they have a larger consumer base. Ultimately, this will help the trade between China and Canada as there will be more trust and easier negotiations since companies from the two countries are working together.
China’s role in different organizations
China’s involvement with the World Trade Organization (WTO) has been significant because the involvement of the Chinese economy which is getting stronger each day has made the WTO stronger.
China are the world’s biggest exporter and second biggest in importers. This status is relevant because the North American and European economies suffered from the crisis in 2008-2009 and other countries needed an exporter country. China didn’t suffer from the crisis and showed potential. Countries exported to China and this helped the global recession from being worse. Also due to an increased activity of trade China is involved in, it has motivated a South to South trade. This is trade between developing countries. More than 20% of the world’s trade is now between developing countries. China are also one of most active participants in the WTO in trying to achieve their
goals.
In the World Economic Forum, China acts as an inspiration to developing countries. 10 years ago, China were nowhere in the sphere of technology but in 2008, Chinese astronauts
were walking on the moon. Also in 2008 China hosted the Olympics game and built one of the best stadium in the world, the Bird’s Nest.China has been able to decrease the number of people in poverty in recent years because of the revenue and profit from trade.
China’s involvement with the Organization for Economic Cooperation and Development
is about helping developing places like the African countries. They help by building banks and and improve research infrastructure. Also China try to improve relationships with the developing country’s government by trading so this helps business and their economy. China has recently joined the Asian Development Bank OECD Anti-corruption Initiative, China is fighting against corruption in Asian.
China changed from a planned economy to a market economy recently and this will affect China’s involvement with the World Bank Group. China’s GDP will increase due to more individuals and firms taking part in the economy. With one of the largest populations in the world, manufacturing and trading with be one of China’s strongest points. This will help the World Bank because China’s economy is one that is rapidly increasing and a lot of profit and revenue would come from China since it is one of the largest exporters. Also they have reduced their pollution so they can’t be fined for it, also increasing the World Bank’s profit. By doing this, the World Bank can give out loans to countries in need to funds.
With the International Monetary Fund, China has increased the value of its currency as it is involved in more trade processes.
Other trade organizations and agreements China are involved in
The APEC which is the Asian Pacific Economic Forum in which their goal is to have sustainable economic growth in the Asian Pacific Region. China is one of the biggest countries in Asia and they use it as way of promoting trade towards Asia. This increases globalization as well as economic development in Asia. China is one the APEC large markets and they have used their resources APEC has to their advantage by improving their technology and human resources.
The EU and China trade has increased over the years as two of them are the biggest traders globally. China has become the EU largest market both in imports and exports. The EU and China have a bilateral agreement concerning services so most chinese workers work for the EU and vice versa. This helps China and EU have a variety of workers as people can have a positive impact on achieving China’s and the EU aims and goals. NAFTA is the North American Free Trade Agreement. China exports steels to Mexico because of Mexico's increased demand for the product. Also China is one of Canada’s leading trade partners and this promotes China in North America. Also this helps Chinese business as they will have a larger consumer base and more profit will be made.
These trade agreements helps China to improves China’s trading status because the are trading with top importers and exporters in the world so more countries will want to use this as a means to promoting themselves. Also China trades with a variety of different countries which means they may have free trade agreements with different countries. This helps other countries who don’t trade with China because they know Canada is country willing to listen to good offers and not shut anyone down.