Robert Besser
01 Dec 2022, 05:10 GMT+10
OTTAWA, Canada: Canada has launched its Indo-Pacific strategy, which includes spending worth $1.7 billion, with the aim of enhancing military and cyber security in the region.
The strategy is also aimed at dealing with a "disruptive" China while working with Beijing on issues such as climate change and trade.
The 26-page document stipulates that Canada will tighten foreign investment rules to prevent Chinese state-owned enterprises from purchasing critical mineral supplies and protect intellectual property.
While Canada aims to deepen ties with the Indo-Pacific region, comprising 40 countries generating economic activities worth some C$50 trillion, the focus is on China, especially during a time when relations between the two countries are strained.
In a news conference in Vancouver to explain the new plan, Foreign Minister Melanie Joly said, "We will engage in diplomacy because we think diplomacy is a strength; at the same time, we will be firm, and that is why we have now a very transparent plan to engage with China."
As Canada is economically reliant on the United States, Prime Minister Justin Trudeau's Liberal government wants to diversify trade and economic ties with other countries, with China accounting for under 7 percent of the total, compared to 68 percent with the U.S.
The document stressed that to address some of the "world's existential pressures," including climate change, global health, and nuclear proliferation, cooperation with the world's second-largest economy was essential.
"China is an increasingly disruptive global power. Our approach is shaped by a realistic and clear-eyed assessment of today's China. In areas of profound disagreement, we will challenge China," the document states.
Tensions between the two countries increased in late 2018 after Canadian police detained a Huawei Technologies executive. In response, Beijing arrested two Canadians on spying charges.
Earlier this month, Canada, citing national security risks, ordered three Chinese companies to sell their investments in Canadian critical minerals.
Get a daily dose of Sacramento Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sacramento Sun.
More InformationWASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...
PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...
TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...
LONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...
TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...
IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...
Photo credit: Ercin Erturk / Anadolu AgencyThe death toll from Monday's massive 7.8 magnitude earthquake in Turkey and Syria has ...
WASHINGTON D.C.: In a sign of future political battles over record numbers of illegal crossings under Democratic President Joe Biden, ...
MOSCOW, Russia: Russian state-run TASS news agency has reported that a US woman was detained and fined by a Russian ...
ISLAMABAD, Pakistan - Former President General (retd) Pervez Musharraf died in a Dubai hospital on Sunday at the age of ...
JERUSALEM - Israel on Sunday announced plans to build a new town on the Gaza border .The town, temporarily named ...
CHICAGO, Illinois: After an ice storm ravaged states from Texas to West Virginia, this week, airlines canceled over 1,800 flights ...