Beijing: Canada and China have agreed to move forward with a new partnership that both sides say could bring major economic benefits, marking a clear shift after years of tense relations.
Canadian Prime Minister Mark Carney made the announcement during a high level visit to Beijing, the first by a Canadian leader in nearly a decade. He said the two countries are positioned to make historic gains by rebuilding trust and expanding cooperation in key areas such as agriculture, energy, finance and trade.
During talks with Chinese President Xi Jinping, both leaders stressed the need to adapt to changing global conditions and to strengthen economic ties. Canadian officials said the partnership aims to create stable trade channels and open new opportunities for businesses and farmers in both countries.
As part of the renewed engagement, Canada and China have reached an initial understanding to ease some trade barriers. China is expected to lower tariffs on Canadian farm products, including canola and seafood, which were heavily affected by earlier disputes. In return, Canada is set to allow limited access for Chinese electric vehicles at reduced tariff levels.
The shift comes at a time when Canada is seeking to diversify its trade relationships amid ongoing global trade uncertainty. While the United States remains Canada’s largest trading partner, officials say expanding ties with China will help reduce overdependence on a single market.
Financial markets responded positively to the news, with Canadian stock futures edging higher on optimism over improved trade prospects. Business groups and farming associations in Canada also welcomed the move, saying it could bring much needed relief after years of restricted access to the Chinese market.
Relations between Ottawa and Beijing had been strained for years due to diplomatic disputes and trade restrictions. Analysts say the new partnership signals a cautious but meaningful reset, though challenges remain as both sides balance economic cooperation with political and strategic concerns.
For now, both governments say the focus is on practical cooperation and steady dialogue, with further agreements expected in the coming months if talks continue to progress.