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The non-governmental trade activities between China and Canada started in 1950s and the formal trade relations began with the conclusion of the wheat agreement between China and Canada in 1961. Since the establishment of the diplomatic relations between the two countries in 1970 and the conclusion of the inter-governmental trade agreement in 1973, the economic and trade relations between the two countries have developed smoothly and the friendly cooperation has maintained a good momentum of development. In recent years, the economic and trade relations between China and Canada attained substantial development. They developed from a single commodity trade into all-round, inter-sphere and multivariate cooperation in trade, economy and technology. With the daily frequent flow of commodities, services, personnel and capital, the economic ties between the two countries have been strengthened continuously. The bilateral agreement on China's accession to the WTO reached between China and Canada in November 1999 marked that the economic and trade relations between the two countries opened a new chapter. According to statistics of the Chinese Customs, in 2016, the total trade volume between China and Canada was US$45.67billion. Of that, China's export was US$27.36 billion,, while its import was US$18.31 billion. By the end of 2016, the number of Canadian enterprises in China reached 14,000, with actual investment valued at US$10.15 billion. The areas in which Canada has made investment are mainly tourism,electronic industry, communication, real estate, etc. At the same time, China’s investment in Canada developed constantly.By the end of 2016, the total volume of Chinese investment amounted to US$ 10.8 billion. The lines of trade involved were mainly mining industry,financial industry,leasing and business business,manufacturing, wholesale and retail trade, etc.In 1983, the General Agreement between China and Canada on Developing Cooperation was signed. The cooperation between the two sides covered such areas as agriculture and forestry, energy, communications, education, communication, environmental protection, tapping human resources, structural reform and aiding the poor, etc.In 2016, the feasibility study on a China-Canada free trade agreement has announced to be launched during the exchange visits by Chinese Premier Li Keqiang and Canadian Prime Minister Justin Trudeau.Based on the development in the past decades, the trade and economic cooperation between the two countries is expected to keep on growing for many more years to come to the benefit of the peoples of the two countries.
