Investment promotion pact with Canada near

BEIJING - The long-stalled negotiation of a foreign investment promotion and protection agreement (FIPA) between China and Canada is expected to be rounded off "very soon", which will significantly boost their trade, officials from both countries say.

China and Canada have reached consensus and have only a few details left to be discussed by the Ministry of Commerce and its Canadian counterparts, Zhang Junsai, China's ambassador to Canada, said on Monday on the sidelines of the Annual General Meeting & Policy Conference held by the Canada China Business Council.

The agreement will be signed soon, which will help beef up the "comprehensive" cooperation between the two countries, Zhang said, without giving a timeline.