Beijing Extends Canadian Canola Tariff Relief as Ottawa Renews Relief for Chinese Steel Imports Under Trade Deal

Canada and China have agreed to extend a trade agreement until the end of 2028, which lowers tariffs on Canadian agricultural and seafood products, as well as specific Chinese steel and aluminum goods. The extension was announced by International Trade Minister Maninder Sidhu following discussions in Beijing. This arrangement has reportedly restored access for Canadian beef and reduced tariffs on items like canola seed and lobster, contributing to billions in exports and supporting numerous jobs.

• 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.