OTTAWA, Jan. 18, 2012 /CNW/ - In a report released today, the Canadian
Chamber of Commerce argues that Canada-China ties are quickly becoming
one of Canada's most important external relationships. Today, more than
ever, what happens in China represents both a challenge and an
opportunity for Canadian businesses.
"There is a clear need for more and better Canada-China trade," said
Perrin Beatty, President and CEO of the Canadian Chamber of Commerce.
"Of course, there are barriers in both countries that must be removed
in order to open access to the tremendous opportunities ahead and build
a partnership of shared growth and prosperity, but we cannot let these
stop us from realizing the full benefits of the relationship."
In the report entitled: Advancing Our Economic Ties With China: Three
priorities for Canadian business, the Chamber presents three elements
to making Canada's relationship with China more profitable:
implementing a strategy of political engagement with China; removing
barriers and irritants to more trade and better trade with China; and,
improving the investment relationship with China.
There are opportunities for Canadian businesses to provide China with
the goods and services it requires to sustain its own development.
These include energy, raw materials, food, financial and engineering
services, aerospace and transportation, and higher education. There are
also opportunities to plug into value chains—to provide expertise and
business services to multinationals involved in trade and investment
between China and the United States, China and India, China and Brazil,
and so forth. Then, there are untapped opportunities to broaden
Canada's investment relationship with China by loosening certain
restrictions on capital flows.
If Canadian businesses improve their productivity and innovation, if
governments continue removing barriers to competitiveness in Canada and
if the global competitive playing field is better levelled, Canada will
prosper in its exchanges with China and the rest of Asia. The full
report can be found at www.chamber.ca.
The Canadian Chamber of Commerce is the vital connection between
business and the federal government. It helps shape public policy and
decision-making to the benefit of businesses, communities and families
across Canada with a network of over 420 chambers of commerce and
boards of trade, representing 192,000 businesses of all sizes in all
sectors of the economy and in all regions. News and information are
available at www.chamber.ca or follow us on Twitter @CdnChamberofCom.
SOURCE Canadian Chamber of Commerce, The
For further information:
Émilie S. Potvin
Director, Public Affairs & Media Relations