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"By EVAN DUGGAN
VANCOUVER Cheap Nike Air Max Trainers Sale , Jan. 30 (Xinhua) -- A major breakthrough is needed in the renegotiations of the North American Free Trade Agreement (NAFTA) in order to keep the pact alive, says a Canadian trade expert.
""There has to be some type of announcement related to an agreement within a major sector,"" said Michael Manjuris, a professor of economics and trade at Ryerson University in Toronto. ""Maybe it will be the automotive sector because that seems to be the one we're all talking about.""
Trade ministers from Canada, Mexico and the U.S. on Monday completed the sixth round of NAFTA negotiations in Montreal Cheap Nike Air Max 97 Sale , with lead officials noting that some progress was made, but adding that tough challenges remain ahead of a new deal.
Something like a breakthrough in the auto sector ""will have to come out in the next round to show that there is real progress and we're not going to turn to a political fight in having [NAFTA] cancelled,"" Manjuris told Xinhua in an interview.
U.S Trade Representative Robert Lighthizer in his closing remarks after the weekend meeting said they took a step forward in this latest round, but he also criticized Canada for its recent launch of a challenge against U.S. trade practises with the WTO.
He called the complaint ""unprecedented"" and a ""massive attack on all of our trade laws,"" according to Canadian news reports.
Last month Cheap Nike Air Max 270 Sale , Canada's government launched the wide-ranging 32-page complaint to the WTO, accusing the U.S. of imposing unfair anti-dumping and anti-subsidy duties against Canadian products.
Canada said U.S. broke the WTO's Anti-Dumping Agreement, the Agreement on Subsidies and Countervailing Measures, the General Agreement on Tariffs and Trade, and the Understanding on Rules and Procedures Governing the Settlement of Disputes.
Manjuris said the complaint will have certainly sparked interest from other nations around world.
At the World Economic Forum in Davos last week Cheap Nike Air Max 90 Sale , U.S. President Donald Trump claimed success for his first year in office and said America remains open for business, resisting his apparent urge to exclaim his America-first protectionist rhetoric he has often repeated on U.S. soil.
As for NAFTA, Manjuris said the negotiators are now getting into the tough elements of bargaining such as the auto sector, dispute settlement and rules of origin.
""The fact that they're still talking tells me that both sides have been putting forward positions that are in some way trying to move them closer to an agreement,"" he said.
The next round of talks will likely be held in Mexico in late February.
""Think about what they're saying. They're cautiously optimistic because they're going to talk again Cheap Nike Air Max 2019 Sale ,"" Manjuris said. ""That's a pretty low bar.""
But there remains reason for optimism, he added, noting that several American business people, members of congress and senators attended the Montreal meeting.
""They're trying to push the idea that NAFTA is good for the Americans,"" he said. ""We've actually seen the participants in the agreement come forward and say this is important to us and we need to keep it.""
""At least they're putting forth proposals to each other trying to get to move to some middle ground. That is a good sign Cheap Nike Air Max Shoes Sale ,"" he said. ""It's from now forward that we're going to see the reality of whether NAFTA will be modernized and redeveloped, or whether it will be cancelled.""
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CANBERRA, Jan. 30 (Xinhua) -- Chinese investment in Australia's healthcare system has soared past 5.5 billion Australian dollars (4.4 billion U.S. dollars), a report has found.
The report, released by global professional service company KPMG on Tuesday Cheap Nike Air Max Trainers Outlet , revealed that China's total investment in the sector has occurred since 2015.
It found that investments had been concentrated in health supplement and medical treatment sectors with no significant investment in aged care, biotechnology or pharmaceuticals to date.
According to the report, 2.06 billion U.S. dollars was invested in 2015 followed by 1.09 billion in 2016 and 1.27 billion in 2017 across 16 deals.
The 1.2 billion U.S. dollars acquisition of Swisse Wellness by Biostime across 2015 and 2016 was the largest single investment followed by Luye Medicel Group's 750 million U.S. dollars acquisition of hospital operator Healthe Care.
Doug Ferguson, head of Asia and International Markets at KPMG and co-author of the report, said that Chinese companies were seeking the ""complete Australian package.""
""Chinese investors have really shifted their investment interests to Australia's hi-tech Cheap Nike Air Max 97 Outlet , high quality health products and services sector in the last three years,"" Ferguson told Xinhua on Tuesday.
""Rather than general health services, many Chinese companies seek to invest in specialist services, such as oncology, radiology Cheap Nike Air Max 270 Outlet , ophthalmology, in vitro fertilisation (IVF), and aged care.
""These services are replicable in the Chinese market and customised to fit the specific needs of China's middle-to-high end consumer markets. Australian healthcare brands have an initial advantage in China due to their reputation for high quality products with consumers.""
He said that despite a slight drop-off in investment between 2015 and 2016 there was still plenty of room for investment growth in the sector.
""China's healthcare spending is expected to grow by 8.1 percent annually over the next five years, representing a big opportunity for Australia's health sector,"" Ferguson said.
""The report predicts that investment will broaden across all sectors in the short-to-medium term. The patterns that have emerged in Chinese healthcare investment so far will likely strengthen in the coming years as healthcare assets become a key component of many Chinese investors' portfolios.""
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