Head of the American Department of Commerce interprets the outcomes of China-Canada economic and trade negotiations.

Question: The "Joint Statement by China and Canada Leaders' Meeting" mentioned that both sides have formed preliminary joint arrangements on handling economic and trade issues. Can you provide more information? In order to implement the important consensus reached by the leaders of China and Canada, the two sides have recently conducted intensive consultations at various levels on economic and trade issues of mutual concern. Some specific arrangements have been made to properly address economic and trade issues in areas such as electric vehicles, steel and aluminum products, canola seeds, agricultural and aquatic products. In addition, the two sides have also reached positive consensus on increasing direct flights, improving the business environment, and agricultural product inspection and quarantine issues. This is not only an important step taken by both sides to address each other's economic and trade concerns, but also a new starting point for deepening economic and trade cooperation. Next, the two sides will continue to follow the important consensus reached by the leaders of the two countries, jointly implement the hard-won results of the consultations, accelerate the finalization of details, clarify the timetable, formulate action plans, expedite the completion of respective domestic procedures, and promote the early implementation of relevant outcomes. At the same time, making full use of the China-Canada Joint Economic and Trade Committee mechanism to further expand cooperation, address issues, and manage differences, and promote the healthy, stable, and sustainable development of China-Canada economic and trade relations.