BEIJING, China — Canada’s exports to China grew 27% last year, according to preliminary figures cited by International Trade Minister David Emerson.
Emerson, in China to open a new commercial annex at the Canadian Embassy there, said Canada is beginning to balance its trade deficit with the emerging economic powerhouse.
“We’re starting to the turn the corner. It’s not where you want it to be, but you’ve got to start somewhere,” Emerson was quoted as saying by the Associated Press.
In 2006, Canada recorded a $26.8 billion trade deficit with China.
“We are of the view that Canada has underperformed over the last 10-15 years in terms of trade with China and our export performance in particular,” Emerson said from China.
– With files from the Associated Press
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