Trudeau to Boost Trade Ties With China

The video discusses the role of the Export Development Canada (EDC) in supporting Canadian companies with financing and insurance solutions for international trade. It highlights the significance of Prime Minister Trudeau's trip to China as part of Canada's diversification strategy, amidst speculation and optimism. The discussion also touches on the potential challenges and political implications of a free trade agreement with China. The video concludes by emphasizing China's growing importance as a trade partner for Canada, while acknowledging the dominant role of the United States in Canadian trade.

What is the primary function of Export Development Canada (EDC)?

• To provide financing and insurance solutions for Canadian companies

• To oversee Canadian import policies

• To regulate Canadian exports

• To manage Canada's international trade agreements

What was a key focus of Prime Minister Trudeau's trip to China?

• To discuss environmental policies

• To explore free trade negotiations as part of Canada's diversification strategy

• To establish a military alliance

• To promote Canadian tourism in China

Why might Canadian officials be hesitant about a free trade agreement with China?

• Concerns about political posturing

• Fear of losing trade with the United States

• Lack of interest in the Chinese market

• Potential negative impact on Canadian tourism

How has China's role in Canadian trade evolved recently?

• China has stopped trading with Canada

• China has become Canada's number one trade partner

• China's importance has decreased

• China is now Canada's number two customer

What percentage of Canada's merchandise trade is currently with the United States?

• 60%

• 50%

• 75%

• 90%