Beijing Extends Canadian Canola Tariff Relief as Ottawa Renews Relief for Chinese Steel Imports Under Trade Deal
Canada and China are extending until the end of 2028 a trade agreement that reduces tariffs and other trade barriers on Canadian agricultural and seafood products, as well as certain Chinese steel and aluminum products. International Trade Minister Maninder Sidhu announced the extension on Nov. 4, the day after holding trade discussions in Beijing with [...]
TL;DR
- Canada and China extended a trade agreement until the end of 2028.
- The agreement reduces tariffs on Canadian agricultural and seafood products.
- It also lowers trade barriers on certain Chinese steel and aluminum products.
- International Trade Minister Maninder Sidhu announced the extension after trade discussions in Beijing.
- The deal has restored access for Canadian beef and lowered tariffs on canola seed, peas, and lobster, among other items.