Trudeau: Canada and China

trudeau: Details of the agreement have not yet been released. ——— PM TRUDEAU ACTS TO BRING CANADA CLOSER TO CHINA Prime Minister Justin Trudeau has agreed to deepen Canada relationship with China and explore a possible free trade deal, according to The Chronicle Herald. After meeting with Trudeau today in Beijing, Chinese Premier Li Keqiang told reporters through a translator that Canada and China will launch a feasibility study on an eventual free trade pact. ——— CANADA SIGNALS INTENT TO JOIN CHINA-LED BANK Prime Minister Justin Trudeau has officially submitted Canada bid to join a controversial new international infrastructure bank led by China — an initiative the Asian country hopes will help build its economic credibility around the world. The tentative agreement must still be ratified by more than 50,000 postal workers across the country before they become new contracts. China founded the US$100-billion Asian Infrastructure Investment Bank late last year to provide other countries in the region access to capital for investments in projects in areas such as transportation, power and telecommunications. ——— EXTENSION SECURED IN CANADA-CHINA CANOLA DISPUTE Prime Minister Justin Trudeau says existing dockage rules with China on canola exports have been extended beyond a Sept. 1 deadline as the two countries continue to negotiate a long-term solution. The Chinese government had given Canada until Thursday to cut the level of foreign material in its deliveries by more than half. ——— GRIM ECONOMIC READING FOR Q2 EXPECTED The latest reading on the state of the Canadian economy is coming this morning and expectations are the results will be grim. The two countries disagree on the level of "dockage" — foreign material such as weeds, other crops and detritus — that should be considered acceptable in Canada canola exports to China. (www.immigrantscanada.com). As reported in the news.