On January 16, 2007, Agreement for Science and Technology Cooperation between the Government of Canada and the Government of the People’s Republic of China was singed in Beijing. It was the 100th intergovernmental S&T agreement signed by the Chinese government. Respectively on behalf of MOST of PRC and Ministry of International Trade of Canada, Minister XU Guanhua and Minister David Emerson signed the Agreement. XU and David jointly declared on the signing ceremony to set up a China-Canada fund for financing the bilateral cooperation on S&T innovation and commercialization under the framework of the Agreement. The focuses of cooperation cover energy, environment, medical health, life science, agricultural and biological products.