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The Canada-China Promotion and Reciprocal Protection of Investments Agreement or Canada China FIPA is a bilateral investment treaty between Canada and China which came into force on 1 October 2014. [1] [2] The Foreign Investment Protection Agreement (FIPA) or Foreign Investment Protection and Promotion Agreement (FIPPA) are Canadian names for BITs.
The free trade agreements of Canada represents Canada's cooperation in multinational trade pacts and plays a large role in the Canadian economy. Canada is regularly described as a trading nation , considering its total trade is worth more than two-thirds of its GDP (the second highest level in the G7 , after Germany ).
Relations at that time were often reflective of Chinese foreign policy in general: China "began to cultivate ties and offer[...] economic, technical and military support to African countries and liberation movements in an effort to encourage wars of national liberation and revolution as part of an international united front against both ...
Free Trade Agreement [22] Chile: 7 September 2012 9 October 2014 Free Trade Agreement [23] Macau: 27 October 2017 27 October 2017 Closer Economic Partnership Agreement [24] ASEAN: 28 March 2018 11 June 2019 Free Trade Agreement [25] Georgia: 28 June 2018 13 February 2019 Free Trade Agreement [26] Australia: 26 March 2019 17 January 2020
CEPA is a free trade agreement pursuant to which qualifying products, companies and residents of Hong Kong enjoy preferential access to the mainland Chinese market. Many of the preferences surpass the concessions made by China upon its accession to the World Trade Organization. The CEPA document identifies the following objectives:
Any member not in this club would be subject to tariffs from member states, including China, if they don't join. [17] The United States must then decide whether removing economic ties is valuable for them or if maintaining economic relations with China is of more significant value for all based on the complex interdependence. [17]
Sutter, Robert G. Foreign Relations of the PRC: The Legacies and Constraints of China's International Politics Since 1949 (Rowman & Littlefield; 2013) 355 pages excerpt and text search; Westad, Odd Arne. Restless Empire: China and the World Since 1750 (Basic Books; 2012) 515 pages; comprehensive scholarly history; Yahuda, Michael.
As suggested by Baldwin and Crescenzi, economic interdependence may be modelled as a function of potential economic exit costs, which may deter, motivate or fail to affect political conflict. A key challenge that is faced is the need for a valid method to measure exit costs and interdependence, whilst maintaining a systematic approach with many ...