Sky-high Chinese tariffs block Canadian access to market.

[none]

Sky-high Chinese tariffs block Canadian access to market.

Jan 02, 2014

Canada’s trade deficit with China is widening amid a slowing of raw
materials exports to China, while Canadians continue to import $50
billion a year of Chinese products.

According to Industry Canada, the 2012 trade deficit with China was
$31.7 billion in 2012, four times the deficit a decade ago.

Canada-China trade 2012

Chinese exports to Canada

Electrical machinery and equipment
Boilers, mechanical appliances
?Furniture
Toys and sports equipment
Iron, steel articles

Canadian exports to China

Ores, slag and ash
Woodpulp, paper
Oilseeds, grains, fruit
Wood, wood articles
Fats, oils and waxes
And while China exports manufactured goods, like electrical machinery,
furniture and footwear, to Canada, it imports mainly raw materials.

Currently the top Canadian exports to China by value are wood pulp, oil
seeds and grains, ores, mineral fuels and oil.

The Chinese market for Canadian-made manufactured goods is being
blocked by a high tariff wall, which makes the cost of these products
prohibitive for Chinese consumers.

MO851, a Montreal-based maker of luxury leather goods, has opened a
boutique in Beijing, hoping to cash in on the huge Chinese consumer
market with a taste for luxury goods.

A bag that retails for $465 in Montreal, costs 90 per cent more in
Beijing due to tariffs, taxes and luxury taxes.

Jim Stanford, an economist for the CAW, now part of Unifor, says the
result of high tariffs is a loss of jobs to Canadians.

“It is incredibly frustrating that these policies which are very
advantageous to China have really curtailed our ability to export to
China,” he told CBC News.

Chinese products face no such tariffs as when they are imported to
Canada, despite undercutting many Canadian-made goods.

China’s tariffs have been a key irritant in trade with the EU and North
America but are allowed through China’s deal with the World Trade
Organization.

For Canadian manufacturers, they can mean a bewildering welter of red
tape that blocks access to the market.

One of the hopes out for the TransPacific Partnership, a trade deal
currently under negotiation, is that the trading block would be
powerful enough to force China to reduce its tariffs.

[Sharxster]

Post by none
Sky-high Chinese tariffs block Canadian access to market.
Jan 02, 2014
Canada's trade deficit with China is widening amid a slowing of
raw
materials exports to China, while Canadians continue to import
$50
billion a year of Chinese products.
According to Industry Canada, the 2012 trade deficit with China was
$31.7 billion in 2012, four times the deficit a decade ago.
Canada-China trade 2012
Chinese exports to Canada
Electrical machinery and equipment
Boilers, mechanical appliances
?Furniture
Toys and sports equipment
Iron, steel articles
Canadian exports to China
Ores, slag and ash
Woodpulp, paper
Oilseeds, grains, fruit
Wood, wood articles
Fats, oils and waxes
And while China exports manufactured goods, like electrical
machinery,
furniture and footwear, to Canada, it imports mainly raw
materials.
Currently the top Canadian exports to China by value are wood
pulp, oil
seeds and grains, ores, mineral fuels and oil.
The Chinese market for Canadian-made manufactured goods is being
blocked by a high tariff wall, which makes the cost of these
products
prohibitive for Chinese consumers.
MO851, a Montreal-based maker of luxury leather goods, has opened a
boutique in Beijing, hoping to cash in on the huge Chinese
consumer
market with a taste for luxury goods.
A bag that retails for $465 in Montreal, costs 90 per cent more in
Beijing due to tariffs, taxes and luxury taxes.

Anyone paying more than, say $100, for a purse/bag, should have
their sanity questioned.
I'm all for putting huge import duties on luxury goods. I don't
blame any government for putting high tariffs or
other taxes on luxury/unnecessary items, e.g. the more expensive
the car, recreational boat, etc., the higher should be the RATE of
tax on it.
Bottled water should have a $1 a bottle tax on it, to discourage it
use as 99.9% of Canadians have access to BETTER and SAFER public
water.

Post by none
Jim Stanford, an economist for the CAW, now part of Unifor, says the
result of high tariffs is a loss of jobs to Canadians.
"It is incredibly frustrating that these policies which are very
advantageous to China have really curtailed our ability to export to
China," he told CBC News.
Chinese products face no such tariffs as when they are imported to
Canada, despite undercutting many Canadian-made goods.
China's tariffs have been a key irritant in trade with the EU and
North
America but are allowed through China's deal with the World Trade
Organization.
For Canadian manufacturers, they can mean a bewildering welter of red
tape that blocks access to the market.
One of the hopes out for the TransPacific Partnership, a trade
deal
currently under negotiation, is that the trading block would be
powerful enough to force China to reduce its tariffs.