The reasons the Canadian government cited to impose additional import tariffs on Chinese electric vehicles (EVs) are weak, said Canadian economist Mark Kruger on Friday.
Kruger noted that the latest tariff announcement would do no good to the Canadian people or meeting Canada's carbon emissions targets.
On Aug 26, Canada said it would impose a 100 percent tariff on imports of Chinese electric vehicles and announced a 25 percent tariff on imported steel and aluminum from China.
The Canadian government claimed that this move is to protect Canadian jobs, but the argument is far from convincing, said Kruger.
"Clearly, by putting 100 percent tariff on those electric vehicles, they're not helping Canadian consumers, because they're making those vehicles more expensive. So I think that this policy, it doesn't help either Canadian workers or Canadian consumers. Canada has its own carbon emissions targets and goals, and by maintaining a high price for electric vehicles, they're pushing the achievement of those goals farther into the future," said Kruger.
China deplores and firmly opposes the Canadian government's act, which has blatantly violated WTO rules, blindly followed certain countries and taken unilateral tariff measures against Chinese products, as a Chinese foreign ministry spokesperson said, describing such practices as "typical trade protectionism."
Canadian economist criticizes Canada's latest tariff against Chinese EVs
Canadian economist criticizes Canada's latest tariff against Chinese EVs
Canadian economist criticizes Canada's latest tariff against Chinese Evs
Macao has been emerging as a global hub for conventions and exhibitions in recent years by exploring the enormous opportunities in the sector, driving the region to advance its economic diversification and embrace a brighter future.
Macao has received many awards this year, such as the Best Convention City (Asia) and the Best BT-MICE City, showcasing the recognition for and influence of Macao's exhibition industry.
More than 1,000 electronic game enthusiasts from all over the world gathered recently in Macao to participate in a esports themed event.
Su Zhili, organizer of the event, said that Macao's rich experience in hosting large-scale events, coupled with its good infrastructure, has driven him to choose the region as an ideal destination to hold such an activity.
"Macao has held many similar large-scale events. It has rich experience, and the facilities at the venue are relatively mature, so we can start our work comfortably," said Su.
During the first three quarters of 2024, Macao held more than 1,000 conferences and exhibitions in total.
"We will invite more professional, special conferences to be held in Macao and also cultivate more exhibition brands with international influence in Macao, so as to promote Macao's exhibitions to be more market-oriented, professional, international, digital and greener from various aspects. This is our goal," said Elaine Wong, member of the Macao Commerce and Investment Promotion Institute.
In addition, multiple large exhibitions and conferences, such as the Macao International Trade and Investment fair, the Macao Franchise Expo, and the International Infrastructure Investment and Construction Forum, are held regularly in Macao.
With the introduction of a series of policies and measures to facilitate the exchanges between the mainland and Macao, as well as the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Macao's convention and exhibition industry will embrace more opportunities for development in the foreseeable future.
"We have such a good industrial base in the Greater Bay Area. The mode of 'Convention and Exhibition + Industry' not only integrates the industries of Macao, but also the industries of the Greater Bay Area. In addition, Macao actively integrates into the national development and plays a role in the Belt and Road. Why are we so confident in Macao's convention and exhibition sector? Because it is backed by the motherland, and the country gives Macao great support," said Alan Ho, chairman of the Macao Association of Convention, Exhibition and Tourism Sectors.
Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition
