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  Msg # 1971 of 2222 on ZZCA4347, Monday 7-14-24, 8:35  
  From: NONE  
  To: ALL  
  Subj: Sky-high Chinese tariffs block Canadian   
 XPost: can.politics, can.taxes, can.general 
 XPost: soc.culture.canada, can.atlantic.general 
 From: none@none.com 
  
 Sky-high Chinese tariffs block Canadian access to market. 
  
 Jan 02, 2014 
  
 Canada€s trade deficit with China is widening amid a slowing of raw 
 materials exports to China, while Canadians continue to import $50 
 billion a year of Chinese products. 
  
 According to Industry Canada, the 2012 trade deficit with China was 
 $31.7 billion in 2012, four times the deficit a decade ago. 
  
 Canada-China trade 2012 
  
 Chinese exports to Canada 
  
 Electrical machinery and equipment 
 Boilers, mechanical appliances 
 ?Furniture 
 Toys and sports equipment 
 Iron, steel articles 
  
 Canadian exports to China 
  
 Ores, slag and ash 
 Woodpulp, paper 
 Oilseeds, grains, fruit 
 Wood, wood articles 
 Fats, oils and waxes 
 And while China exports manufactured goods, like electrical machinery, 
 furniture and footwear, to Canada, it imports mainly raw materials. 
  
 Currently the top Canadian exports to China by value are wood pulp, oil 
 seeds and grains, ores, mineral fuels and oil. 
  
 The Chinese market for Canadian-made manufactured goods is being 
 blocked by a high tariff wall, which makes the cost of these products 
 prohibitive for Chinese consumers. 
  
 MO851, a Montreal-based maker of luxury leather goods, has opened a 
 boutique in Beijing, hoping to cash in on the huge Chinese consumer 
 market with a taste for luxury goods. 
  
 A bag that retails for  $465 in Montreal, costs 90 per cent more in 
 Beijing due to tariffs, taxes and luxury taxes. 
  
 Jim Stanford, an economist for the CAW, now part of Unifor, says the 
 result of high tariffs is a loss of jobs to Canadians. 
  
 €It is incredibly frustrating that these policies which are very 
 advantageous to China have really curtailed our ability to export to 
 China,€ he told CBC News. 
  
 Chinese products face no such tariffs as when they are imported to 
 Canada, despite undercutting many Canadian-made goods. 
  
 China€s tariffs have been a key irritant in trade with the EU and North 
 America but are allowed through China€s deal with the World Trade 
 Organization. 
  
 For Canadian manufacturers, they can mean a bewildering welter of red 
 tape that blocks access to the market. 
  
 One of the hopes out for the TransPacific Partnership, a trade deal 
 currently under negotiation, is that the trading block would be 
 powerful enough to force China to reduce its tariffs. 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2) 

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