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China Sees Free Trade with Canada as Way to Avoid Future Norsat-Like Uncertainty

Posted July 05, 2017

Under Economic Issues, International Trade Issues

(Andy Blatchford & Mike Blanchfield – Canadian Press)

China is hoping a future free-trade deal with Canada will help it avoid future controversies such as the national security concerns that surfaced over a Chinese takeover of a Canadian satellite technology company.

Lu Shaye, China’s ambassador to Canada, said in an interview that he believes a free-trade agreement would help alleviate some of the unknowns for Chinese investors in future deals like the contentious takeover of Norsat International Inc.

Public unease and political criticism erupted after the Trudeau government allowed the takeover of Norsat by Chinese-based Hytera Communications Co. Ltd. without a full national security review. Vancouver-based Norsat makes radio systems and transceivers used by the American military and other NATO partners. Click here to read more.

Related: In Australia, Experts Caution Against Close Ties with China (Globe & Mail)