Finance Minister François-Philippe Champagne and International Trade Minister Maninder Sidhu met China’s vice-premier He Lifeng in Vancouver and backed steps to enhance financial sector co-operation.
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Canada and China have reached an agreement to enhance financial sector co-operation, according to a joint statement released by Finance Canada after meetings in Vancouver.
The statement says Finance Minister François-Philippe Champagne and International Trade Minister Maninder Sidhu hosted He Lifeng, vice-premier of China, in Vancouver over the past two days.
The two sides agreed to enhance financial sector co-operation, including granting greater market access for financial services and fostering engagement between Canadian and Chinese regulatory authorities.
Both sides also reaffirmed their support for multilateralism and for “a transparent and predictable environment” for trade and investment.
The agreement comes as Prime Minister Mark Carney is set to visit China later next week for the Asia-Pacific Economic Cooperation forum.
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