Магистратура / Исследования обучающихся
Canada and China are two big powers in the world, and at the same time are two essential economies of the Pacific Rim. In September 2016, the two countries issued a joint statement, and the discussion on the China-Canada Free Trade Agreement was officially launched. At present, China is Canada's second largest trading partner, and Canada has ranked among the top ten destinations for China's foreign investment outflow. Once the China-Canada Free Trade Area is completed, it will not only bring considerable trade gains to both countries, but also help accelerate construction of Asia-Pacific Free Trade Area.
However, four years after the start of the China-Canada Free Trade Area negotiation process, Canada's Foreign Affairs Minister François-Philippe Champagne stated in an interview to The Globe and Mail on September 18, 2020, that “A trade agreement between Canada and China is no longer worth pursuing”. François-Philippe Champagne's statement represents that Canada will shelve the idea of reaching and abandon negotiations on a free trade agreement with China. In this context, aside from political factors, it is more realistic to research the feasibility of establishing a FTA between China and Canada from the perspective of economics and trade, as well as whether the construction of FTA will create greater trade effects and welfare for both countries.
Empirical part for analysis of this article used the SMART tool developed by WITS. Data comes from the World Bank TRAINS database.