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Beijing, Ottawa agree to extend deal on canola, Chinese steel access to late 2028
Trade Minister Maninder Sidhu says the extension preserves reciprocal market access as Ottawa seeks a 50% increase in exports to China by 2030.
- On Wednesday, Canada and China extended their trade agreement for two years through 2028, maintaining mutual market access for agricultural and industrial goods.
- Trade Minister Maninder Sidhu credited a trade body relaunched in January for the extension, as Ottawa pursues a goal to increase exports to China by 50% by 2030.
- The agreement, originally set to expire this year, follows China's March decision to drop tariffs on Canadian canola meal, peas, lobster, and crab after Prime Minister Mark Carney visited Beijing.
- Sidhu is currently in Beijing for meetings with officials ahead of Prime Minister Carney's planned visit to Shenzhen later this month for the Asia-Pacific Economic Co-operation summit.
- The extension preserves the reciprocal exchange of Canadian agricultural products for Chinese steel and aluminum, stabilizing trade commitments as both nations deepen bilateral economic ties.
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32 Articles
Ottawa has set a target of increasing exports to China by 50% by 2030.
·Montreal, Canada
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Beijing and Ottawa are extending an agreement reached in January to open the Chinese market to Canadian imports in exchange for access to the Canadian market for Chinese steel and aluminum.
·Montreal, Canada
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The Toronto Star+27 Reposted by 27 other sources
Beijing, Ottawa agree to extend deal on canola, Chinese steel access to late 2028
OTTAWA - Beijing and Ottawa are extending a January agreement to provide Chinese market access to Canadian imports in exchange for Canadian market access for Chinese steel and aluminum.
·Toronto, Canada
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Canada and China agreed to extend until the end of 2028 the favourable conditions of access to the Chinese market for rapeseed flour, peas, lobster and Canadian crab, Canada's International Trade Minister Maninder Sidhu announced on Wednesday.
Coverage Details
Total News Sources32
Leaning Left22Leaning Right0Center8Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
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