Canada is moving to deepen economic engagement with China as Foreign Minister Wang Yi makes his first visit to the country in ten years. Ottawa is seeking broader export opportunities and reduced dependence on the US, while Beijing has signaled support for significantly expanding bilateral trade. Despite ongoing political differences, both governments are showing renewed interest in stabilizing relations and strengthening economic cooperation.
Canada is accelerating efforts to expand economic ties with China as Chinese Foreign Minister Wang Yi arrived in the country for the first visit by a Chinese foreign minister in nearly a decade. The visit comes as Ottawa seeks to diversify trade partnerships and reduce its long-standing dependence on the United States amid shifting global economic conditions.
During meetings with Canadian officials, Wang Yi said Canadian exports to China could potentially double by 2030, exceeding Ottawa’s current target of a 50% increase. Both sides emphasized the importance of maintaining dialogue and expanding cooperation in areas including trade, investment, agriculture and broader economic development.
The visit also reflects a wider effort by both countries to stabilize relations following years of diplomatic tensions. While disagreements remain on issues including Taiwan and foreign interference concerns, officials from both sides described recent discussions as constructive and reaffirmed support for continued engagement and economic cooperation.