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…
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
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…
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