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Comparative Analysis: Trudeau And China

Satisfactory Essays
Analysis
Summary
Prime Minister Justin Trudeau and China’s Premier discussed economic ties between the two countries, they aim to double trade between each other by 2025. Trudeau announced that Canada had secured access for its canola to the Chinese market through 2020. Canada has aimed at an eventual free trade agreement with China, to benefit both economies.
Economic Concepts
The projected free trade agreements between Canada and China relates to the major economic concept of international trade and gross domestic product. Why do nations prefer to trade instead of attempting to become more self-sufficient? Nations buy goods from other nations because no nation can afford to be totally self-sufficient. Productivity increases if a nation can
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