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 Chinese Minister of Commerce Wang Wentao.
“The arrangement has restored access for Canadian beef and lowered tariffs on canola seed, canola meal, peas, lobster and crab, unlocking billions in exports and supporting sectors that sustain more than 600,000 jobs in Canada,” Sidhu said in a Nov. 4 statement.
The agreement followed talks between Sidhu and Wentao at the Joint Economic and Trade Commission in Beijing on Nov. 3. …