Interview: World is eager to do business with China, says Canadian trade minister

08:00, September 10, 2010      

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The world is eager to do business with China, said Peter Van Loan, the International Trade Minister of Canada, in a recent interview with Xinhua.

"China is now the world's second largest economy and a key player in global supply chains," said Van Loan, who took office this year.

He told Xinhua that over the years, China and Canada have built close ties socially, politically and economically.

"Since 2006, the two-way merchandise trade has grown an average of 6.3 percent each year, and more than tripled from 15 billion U. S. dollars at the start of the decade to nearly 51 billion U.S. dollars last year," he noted.

"That makes China Canada's second-largest trading partner, behind only the United States," stressed Van Loan.

"The Canada-China relationship is growing stronger. In June, during the visit to Canada of China's President Hu Jintao, Prime Minister Stephen Harper affirmed Canada's commitment to strengthening economic, social and political ties between the two countries," said the minister.

Canada also recently welcomed its first official Chinese tour group as a result of the Approved Destination Status received during Prime Minister Harper's visit to China last year, said Van Loan.

Noting there remains a significant trade imbalance between the two countries, Van Loan said: "I think we have so much to do on Canadian side to increase our trade with China to improve that balance."



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