Canada-China trade deal framed as a win for B.C.’s economy
Global News
Prime Minister Mark Carney announced a new deal with Beijing on electric vehicles and canola at the end of a high-profile trip on Friday.
Prime Minister Mark Carney’s trade mission to China is being framed as a win for British Columbia’s economy.
Carney announced a new deal with Beijing on electric vehicles and canola at the end of a high-profile trip on Friday.
“The inroads Canada has made this week are a sign that the government gets it and is showing Canadians and the world that we are open for business,” Alexa Young with the Vancouver Fraser Port Authority said.
The trade deal would allow up to 49,000 Chinese EVs into Canada yearly at a tariff rate of 6.1 per cent.
An expanded auto terminal on Annacis Island will be able to handle the additional volume of cars that could be more affordable than what is currently on the market, with prices expected to be under $40,000.
The New Car Dealers Association said in a statement to Global News that, “We look forward to reviewing the full details of this announcement and engaging constructively with governments to ensure that affordability, competition, and long-term market stability remain central considerations.”
In British Columbia, the overall reaction to the news on Friday is positive.
“China’s economy is important,” Alex McMillan with the B.C. Chamber of Commerce said.
The mission, which comes at the request of Denmark, aims to explore possible military contributions to bolster the security of the region, a German defence ministry statement said.
The U.S. State Department said the move would apply to countries whose nationals are deemed likely to require public assistance while living in the United States.
The United States said it was withdrawing some personnel from key bases in the Middle East as a precaution given heightened regional tensions.
A new poll suggests almost a third of Canadians say the United States might attempt "direct action" to take control of Canada, with a fifth of Americans agreeing.
The advisory points to the arrest and detention by Iranian authorities of several individuals 'including foreign and dual nationals.'
It's been a long-term request of the premier as he looks to keep Ontario's struggling, fledgling electric vehicle industry intact.
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On Monday, Indonesia and Malaysia became the first countries in the world to block Grok AI, citing concerns over non-consensual deepfakes.
Court documents showed the broadcaster would argue that the court in Florida lacked personal jurisdiction in the case because it did not broadcast the spliced speech in the state.
Economic pressure, which has intensified since September when the United Nations reimposed sanctions, has sent Iran's rial currency into a free fall.
The report was released to Global News under the Access to Information Act
A judge with the Alberta Court of Kings Bench has ruled PetroChina's attempts to take full ownership the Grand Rapids Pipeline lacks the necessary federal government approval.
'As part of the Danish Commonwealth, Greenland is a member of NATO and the defence of Greenland must therefore be through NATO,' the government statement said.