Canada, Taiwan to Start Talks on Bilateral Foreign Investment Deal

Canada and Taiwan agreed on Tuesday to start formal negotiations on a bilateral foreign investment deal and deepen their Indo-Pacific partnership. Taiwan has been looking to expand relations across the Western world, such as Canada, as it faces growing military and political pressure from China to give in to Beijing’s sovereignty claims over the island. Additional trade and investment deals are a part of this effort. The Taiwanese foreign ministry in a statement called it “positive progress” and said Taipei would work to complete the negotiations as soon as possible.

Canada announced its long awaited Indo-Pacific strategy late last year, including a C$2.3 billion military and cybersecurity spending to counter what it called a “disruptive” China.

Beijing, which recognizes the self-governed island as part of its own territory despite Taiwan’s strong rejection, has strained relations with Ottawa. Beijing views self-governing Taiwan as its own territory and has sour relations with Canada.

Taiwan, like China, has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Since then, it has been lobbying existing members, like Canada, to back its application, saying Taipei supports transparency and rule of law, while running its own economy and doing business with other countries.

Tensions between China and Canada had risen in late 2018 when Canada detained a Huawei executive, followed by the arrest of two Canadians in China on spying charges. All three were freed in 2021 but relations remain strained.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Global Food Security Could be in Jeopardy If Russia Invades Ukraine

The possible armed conflict between Russia and Ukraine spreads fear among grain markets. Ukraine has emerged as a significant exporter of wheat and corn in the last decade, aiming to become the world’s third biggest exporter of wheat and fourth biggest of corn. 

Weapon Makers Expect War in Ukraine to Ramp Up Europe’s Defense Spending

Weapons manufacturers gathered at an arms fair in Saudi Arabia expect Russia’s invasion of Ukraine to prompt an increased defense spending in Europe, led by Germany. The fair, attended by nearly 600 arms manufacturers, is taking place as the Russian assault on Ukraine continues. 

Germany to Buy 35 F-35 Fighters from the U.S. to Replace Its Tornado Fleet

Germany confirmed the purchase of 35 Lockheed Martin F-35 fighter jets to replace its aging Tornado fleet. The announcement marks the first big move since Scholz pledged an additional €100 billion to the country’s annual defense budget following Russia’s invasion of Ukraine. 

Stay informed

error: This content is protected !!