Supply chain snarls: How is Canada responding amid global pinch
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.“Democracies must make a conscious effort to build our supply chains through each other’s economies,” Freeland said in an October speech.
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.Canada ‘focused on being competitive’ with US amid opening of 1st full-scale electric vehicle plant: Trudeau
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