Now, Prime Minister Justin Trudeau's government is attempting to strike a tricky balance in managing Canada's supply chains, trying to shore up trade with like-minded countries while still taking advantage of China's unabated growth.
"To put it mildly, there's a bit of daylight between the two perspectives," said Michael Manulak, a Carleton University professor with the Norman Paterson School of International Affairs.
"Businesses expect supply chain issues to continue into the short term, specifically when acquiring inputs, products or supplies domestically and abroad, and maintaining inventory levels," the report said. As a counterweight, Liberal ministers have said during visits to Washington that they want to emulate America's approach of "friend-shoring," which involves diverting trade away from China to allies like South Korea and growing markets in Southeast Asia.
Large democracies such as India are no match for China's smooth infrastructure and regulatory environment, he said. And Chinese-owned companies operate worldwide, including in Southeast Asia, where Canada is negotiating multiple trade deals as a counterbalance to Beijing. The Liberals want to make Canada a powerhouse for electric-vehicle parts, arguing it can mine lithium, cobalt and graphite just as reliably as countries with less-pristine environmental and human-rights records.
Business groups have raised similar criticisms about liquefied natural gas, for which Japan and South Korea have a ravenous appetite. Despite that potential, only one export terminal is planned for operation on the West Coast.
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