The Canada-China Global Commerce Picture and Supply Chain Links

The Canada-China Global Commerce Picture and Supply Chain Links There have been many studies that examine the Canada-U.S. trade relationship; this is deservedly so as the U.S. is Canada’s dominant trading partner. In 2018, the minister of international trade diversification announced a target to increase overseas exports by 50% by 2025.Footnote1 China is the world’s second largest economy and is the second most important bilateral commercial partner for Canada. Thus, China might be a key market if Canada is to achieve its export diversification target. The goal of this paper is to explore Canada’s commercial relationship with China. This will be done by examining trading and investment relationship between the two countries over the last two decades. Additionally, COVID-19 showed the world that in extreme cases, production within a country can be brought to a halt. Therefore, the second part of this paper will examine how a disruption to trade with China might affect Canadian supply chains and production. 2023-07-24 Global Affairs Canada open-ouvert@tbs-sct.gc.ca Economics and IndustryGovernment and PoliticsTransportCanada-U.S. tradetrading partneroverseas exportsCOVID-19Chinatradinginvestmentrelationshipdisruptiontradesupply chains The Canada-China Global Commerce Picture and Supply Chain LinksHTML https://www.international.gc.ca/trade-commerce/economist-economiste/analysis-analyse/china-canada-2020-commerce-chine.aspx?lang=eng The Canada-China Global Commerce Picture and Supply Chain Links HTML https://www.international.gc.ca/trade-commerce/economist-economiste/analysis-analyse/china-canada-2020-commerce-chine.aspx?lang=fra

There have been many studies that examine the Canada-U.S. trade relationship; this is deservedly so as the U.S. is Canada’s dominant trading partner. In 2018, the minister of international trade diversification announced a target to increase overseas exports by 50% by 2025.Footnote1 China is the world’s second largest economy and is the second most important bilateral commercial partner for Canada. Thus, China might be a key market if Canada is to achieve its export diversification target. The goal of this paper is to explore Canada’s commercial relationship with China. This will be done by examining trading and investment relationship between the two countries over the last two decades. Additionally, COVID-19 showed the world that in extreme cases, production within a country can be brought to a halt. Therefore, the second part of this paper will examine how a disruption to trade with China might affect Canadian supply chains and production.

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