China, Canada to ratify trade agreement

Global Business

A new trade treaty between China and Canada will be ratified this week after more than two years of delays. It gives investors from both China and Canada protection against “unfair treatment” by the government and the right to sue for lost revenue. CCTV America’s Kristiaan Yeo reports.

Canadian trade with China is worth around $ 65 billion a year and rising. Companies in Canada export mining and energy products, wood pulp, and cooking oil to China, while Chinese exporters ship electronics and heavy machinery to Canada.

But despite their commercial ties, the economic and legal systems of the two countries are substantially different. The countries hope that the long-awaited Foreign Investment Promotion and Protection Agreement will provide some common ground.

Follow Kristiaan Yeo on Twitter @ThatsTheLatest

China, Canada to ratify trade agreement

A new trade treaty between China and Canada will be ratified this week after more than two years of delays. It gives investors from both China and Canada protection against "unfair treatment" by the government and the right to sue for lost revenue. CCTV America's Kristiaan Yeo reports.