The Globe and Mail reports in its Friday edition that Prime Minister Mark Carney's government said Thursday it would welcome more Chinese investment in Canadian energy, including the oil sands, during a visit to Beijing that the Asian giant's Premier called a "new starting point" for bilateral relations. The Globe's Steven Chase writes that Mr. Carney, in search of more investment and markets for Canada to offset damage done by U.S. protectionist tariffs as he continues his first trip to China as Prime Minister this week, released a blueprint for closer relations with Beijing. In a joint announcement with the Chinese government, Canada said it will welcome Chinese investments in Canada in areas including energy, agriculture and consumer products. Ottawa and Beijing also signed a memorandum of understanding on "strengthening energy cooperation," a deal that follows rising petroleum exports to China from Canada. Mr. Carney is still seeking a breakthrough in a punishing trade war with China triggered by 2024 Canadian tariffs on Chinese electric vehicles that prompted retaliation on Canadian agricultural products from canola to seafood. China has made it clear Beijing would remove levies if Canada scraps the EV tariff.
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