Prime Minister Justin Trudeau faces a tough decision on Canada’s relationship with China: Will Ottawa agree to Beijing’s demand that Canada stop treating China as a “non-market” economy under the World Trade Organization?
The stakes are high. Refusing the Chinese would likely end the chances of a far-reaching trade deal with Canada’s second-biggest trading partner. A recent report puts the value of a Chinese trade deal at $7.8 billion in new economic activity for Canada. But experts say China will come to the table only if Canada first grants it market economy status.Read More