Sino-Canadian Trade: Canada asks for greater reciprocation
Canada’s Conservative government is keen to ship oil to China to diversify its exports.
Reuters
February 12, 2012
Less than a minute read
CHONGQING:
Canadian companies are having trouble obtaining permits to develop sites in China and Canada has asked China to resolve the issue to keep trade relations amicable. “If we want to build a long-term strategic relationship with China, which we do, and which the Chinese have said they want to build with us, it has to be based on mutual respect, reciprocity and equality,” Natural Resources Minister Joe Oliver told Reuters in an interview. China is investing heavily in the oil-rich tar sands of Alberta, home to the third largest reserve of oil in the world. In the last seven months Chinese firms have bought $5.5 billion worth of energy assets and look set to snap up more. Canada’s Conservative government is keen to ship oil to China to diversify its exports due to a glut of supplies in US which fetch it lower prices.
Published in The Express Tribune, February 12th, 2012.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ