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China announces anti-dumping investigation on canola seed imports
06/09/2024 08:00
China's Ministry of Commerce has announced plans to launch an anti-dumping case into Canadian canola seed imports.
The action was initiated in response to a Canadian decision to impose tariffs on Chinese electric vehicles, steel and aluminum.
Canadian Canola Council of Canada ((CCC) CEO and President Chris Davison says China is an important and valued market for Canadian canola.
“We are confident that an investigation into Canada’s canola trade with China will demonstrate alignment with and reinforce our support for rules-based trade.”
In 2023, China imported #3.72 billion worth of Canola or 5.5 million tonnes.
Stats show that 94 per cent of that total came from Canada.
The CCC is awaiting further details on the investigation and will work closely with the federal government on this situation.
Davison says working to maintain open and predictable trade for canola is a top priority of the CCC.
“We will continue to engage on this issue to support market access and competitiveness for Canadian canola in this key market.”
Source: Discover Westman
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