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Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,453,964
Close 2018-10-11 C$ 15.46
Market Cap C$ 1,398,418,283
Recent Sedar Documents

Globe says Canfor, others hear China wants trade talks

2018-10-12 08:26 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Friday edition that China is pushing Canada to resume stalled talks toward a free-trade deal, days after Ottawa agreed to a new North American trade accord that critics argue will make it difficult to pursue a similar pact with Beijing. The Globe's Nathan VanderKlippe writes that on Wednesday, Chinese Foreign Minister Wang Yi told Foreign Affairs Minister Chrystia Freeland that Beijing hopes Ottawa will "advance the establishment of a China-Canada free-trade zone" and "take practical actions to protect the global free-trade system with China." Mr. Wang also rebukes Ottawa for agreeing to a clause in the United States-Mexico-Canada Agreement (USMCA) that allows a country to be punted from the proposed North American agreement if it enters into a free-trade deal with a "non-market country." That language is widely seen as a veiled reference to China, and critics have argued the clause gives the United States an effective veto over any prospective trade pact between Ottawa and Beijing. "China is opposed to all sorts of protectionism and to double-standard practices under all kinds of names," said Mr. Wang in paraphrased remarks reported by China's central Xinhua News Agency.

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