Home LATEST NEWS Canada Seeks To Deepen Trade Ties With Taiwan

Canada Seeks To Deepen Trade Ties With Taiwan


International Trade Minister Mary Ng made the announcement in a statement released Monday, after meeting with a Taiwanese minister on Sunday. The island represents a key partner, as Canada wishes to diversify its trade relations in the Indo-Pacific.

The ministers discussed the need for Canada and Taiwan to continue working together to promote greater supply chain resilience and mutually beneficial business opportunities as well as to increase collaboration in science, technology. and innovation, education, indigenous affairs and the green economyMary Ng’s office said of meeting John Deng, Taiwanese minister without portfolio.

China generally criticizes countries for touting their economic ties with Taiwan. However, Meredith Lilly, business expert at the Norman Paterson School of International Affairs at Carleton University, recalls that the island is a full member of the World Trade Organization, which allows Canada to deepen its knowledge. trade.

Canada launches Indo-Pacific strategy to examine trade prospects in the region beyond China. Taiwan is an important part of it. Part of it is a question of sovereignty for Taiwan and Canada.

A quote from Mary Ng, Canadian Minister for International Trade

Tight relationships

Ms. Lilly recalled that last year’s resolution of the affairs of Meng Wanzhou and the two Michael’s reinforces the need for Canada to pursue other commercial relations outside of China.

Meng Wanzhou was arrested in Vancouver in 2018 following an extradition request from the United States. His arrest was followed days later by the imprisonment in China of Michael Kovrig and Michael Spavor for espionage, which Canada and many allies saw as fabricated retaliation.

The affair plunged Sino-Canadian relations to an all-time low.

Justin Trudeau’s liberals joined other allies in denouncing the Chinese saber strikes against Taiwan as well as the human rights crackdown in Hong Kong and against the Muslim Uyghur population in western Xinjiang province in China.

Since September, when Meng Wanzhou returned to China and MM. Kovrig and Spavor were released and returned to Canada, the federal government continued work on a new “Indo-Pacific” strategy, a nickname commonly seen in foreign policy circles as a shortcut for a regional approach excluding China.

It is very encouraging that Canada is choosing to improve its relations with Taiwan as this country faces economic and military threats from its neighbor, China.said Margaret McCuaig-Johnston, an expert on China at the University of Ottawa, who has worked for more than three decades in the federal civil service on Chinese issues.

Ms. McCuaig-Johnston and Ms. Lilly say that Canada’s trade opening to Taiwan is long overdue and could have significant economic benefits. Taiwan is one of the world’s leading producers of semiconductors, chips that power computers and mobile devices, and which have been in short supply for a year and a half.

Sixth commercial partner

Guy Saint-Jacques, former Canadian Ambassador to China, said Taiwan respects international trade rules and is a more reliable and predictable trading partner than China.

Although China may protest by trying to shut off the oxygen in Taiwan, I have argued for a long time that we need to take action to show more support for Taiwan, a vibrant democracy, despite China’s meddling activities.he added.

According to Mark Warner, a Toronto-based international trade lawyer, China may not be happy if Canada is pursuing a deeper bilateral trade deal with Taiwan. However, Beijing would be much angrier if Canada supported Taiwan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Neither Taiwan nor China are members of the Comprehensive and Progressive Trans-Pacific Partnershipbut they applied for membership separately in September. Canada, a member with several other countries including Japan, Mexico and Australia, has not publicly approved their nominations.

Global Affairs Canada says Taiwan is Canada’s sixth largest trading partner in Asia with two-way investments totaling $ 813 million in 2020.

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