Morneau said Canada and China share extensive common interests on bilateral and global issues. Canada is ready to boost cooperation with China via the dialogue to achieve growth and prosperity, he said.

Champagne said the two countries enjoy great potential in economic and trade cooperation. Canada would like to further promote the Canada-China Free Trade Agreement and expand cooperation in various areas to forge ahead continuous development of bilateral ties, he added.

During Chinese Premier Li's official visit to Canada last September, China expressed willingness to start talks on a free trade agreement (FTA) with Canada, making the North American country the first Group of Seven economy China is seeking an FTA with.

China and Canada also aim to double their trade volume by 2025 from the 55.7 billion U.S. dollars recorded in 2017.

Currently, the two countries are holding a second round of exploratory discussions about the FTA in Canada, following the first round of meetings in Beijing in February.

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