China, Canada reach deals on oil, uranium and air trave

Thursday, 09 February 2012 19:57

China and Canada declared Thursday that bilateral relations have reached "a new level" following a series of multibillion-dollar trade and business agreements to ship additional Canadian petroleum, uranium and other products to the Asian superpower.

Prime Minister Stephen Harper and the Chinese leadership said Thursday their new energy and economic co-operation agreements — as well as billions of dollars of private-sector deals — signed by the two countries over the past few days are unprecedented and will only open the door to additional trade and investment.

The two sides are also finalizing details on China loaning a pair of bamboo-munching giant pandas to zoos in Toronto and Calgary for a period of five years each, with more details expected this weekend.

The new trade deals further solidify a "strategic" partnership between the two countries, particularly on natural resources, with China's top political leaders calling for "more large-scale co-operation" with Canada on oil and gas to feed its seemingly insatiable energy appetite.

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