US EditionSaskatchewan’s Moe, canola farmers say trade deal with China ‘very good news’
The deal ends a tariff dispute, restoring $200 million in annual beef exports and cutting canola seed tariffs to 15%, boosting Canadian agricultural markets by March.
- On Friday, Canada and China announced a trade deal reducing duties on canola seed and temporarily lifting levies on canola meal, while allowing up to 49,000 Chinese electric vehicles annually in return.
- After Ottawa applied EV tariffs, Beijing responded with heavy duties including a 76 per cent duty on canola seed in August, worsening disruption for exporters.
- Bill Prybylski said the deal gives farmers peace of mind going into seeding and should bump up crop prices, while NDP Leader Carla Beck called it "much-needed progress on restoring Chinese market access" and Andre Harpe welcomed the agreement as a strong start.
- Saskatchewan Premier Scott Moe said the agreement should allow Canadian canola exporters to return to normal, while Rick White warned producers could have lost $2 billion this year without Friday's deal.
- The pact brings timely seeding relief while leaving canola oil tariffs unresolved; Saskatchewan produces over half of Canada's canola and China is the crop's second-largest customer.
49 Articles
49 Articles
Canadian beef heads to China following Carney’s visit
Canadian beef will be exported to China following the relaxation of an import ban that had been in place since 2021, the agriculture minister said, though analysts cautioned it will likely be in small amounts, ADM Investor Services reported.
Canada, China establish new trade agreements on canola, beef
Following a deal to reduce tariffs between Canada and China, the latter is moving to import canola and beef from Canada. Federal Agriculture Minister Heath MacDonald told reporters on Jan. 20 that a Chinese importer has ordered 60,000 metric tonnes of canola seed with another company expected to ship beef next week. On Monday, China lifted its ban on Canadian beef imports after an atypical case of bovine spongiform encephalopathy (BSE) was found…
Sask. Political Panel | New canola agreement with China
Premier Scott Moe was a part of Prime Minister Mark Carney's contingent during trade negotiations in China. Moe says the 'significant deal' will help canola imports to China. The Morning Edition's weekly political panel breaks down the news. It features political pundit Murray Mandryk, CBC's Alexander Quon and Morning Edition host Adam Hunter.
Sask Today
SaskAgToday.com Roundtable: Western Canadian Crop Production Show, deal made to reduce canola tariffs
Join Kevin Hursh, Ryan Young, and Doug Falconer as they look back at the Western Canadian Crop Production Show and discuss the Canada-China deal that reduces tariffs on canola and other agri-food products.
The agreement that will reduce tariffs on Canadian canola to 15% from March 1 seems to restore access to a large market.
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