Starting today, Canadians will now be able to receive multiple-entry Chinese visas with a validity period of up to 10 years.
The reciprocal agreement reached between China and Canada was announced by China’s foreign minister, Wang Yi, at a Sunday press conference from the annual session of the National People’s Congress.
The new deal comes on the heels of a similar agreement between China and the US signed last November. Though it is not the free trade talks announcement that some in the Canadian business community were hoping for, according to Canadian Trade Minister Ed Fast, the change will “reduce costs, cut red tape” while making life easier for Canadian companies.
The agreement will also allow similar 10-year Canadian visas to be issued to Chinese citizens, a move that may help ease tensions after Ottawa cancelled its foreign investor permanent residency visa scheme, which reportedly left more than 45 thousand wealthy Chinese with active applications in the lurch.