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    China senkt in endgültiger Entscheidung Antidumpingzölle auf kanadischen Raps

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    1. Little-Chemical5006 on

      Full text

      —

      BEIJING/SHANGHAI, Feb 28 (Reuters) – China on Saturday sharply reduced its tariff rate on Canadian canola in the final ruling of a 17-month anti-dumping investigation, following a thaw in relations between Beijing and Ottawa.

      The announcement came a day after China said it would suspend some tariffs on Canadian agricultural products imposed during its trade spat with Canada.

      The final anti-dumping tariff was lowered to 5.9% from a preliminary 75.8% imposed in August, according to a statement from the commerce ministry. 

      The levy will be effective from March 1 and will last for five years.

      In addition to the anti-dumping duty, Canadian canola remains subject to China’s standard 9% import tariff, bringing the total effective duty to 14.9%.
      The outcome broadly aligns with Canadian Prime Minister Mark Carney’s expectations. After his visit to Beijing in January, Carney had said he anticipated a total tariff rate of around 15%.
      China was Canada’s second-largest market for canola in 2024.

      The decision comes amid a wave of visits to Beijing by Western leaders, including Carney, as U.S. President Donald Trump’s trade policies have strained Washington’s traditional alliances. China has sought to present itself as a more stable and reliable economic partner in contrast.

      Carney went further than his European counterparts by securing a deal with China and signalling Canada’s ambition to play a leading role in a new global trade order aimed at reducing dependence on the United States.
      China’s Ministry of Commerce said on Saturday that its probe determined that imported rapeseed from Canada involved dumping and harmed China’s domestic rapeseed industry.

      The new levies „can alleviate pressure on the domestic sector and help maintain healthy and stable development of the industry.“

      The ministry added that the ruling was based on facts and evidence, and also took into account reasonable requests of the Canadian side.

      „China is willing to work with Canada to continue deepening economic and trade cooperation between the two countries and enhance the well-being of the people on both sides,“ the ministry said.

    4. Minimum-Style-1411 on

      So, this year’s crop is likely to be sanctions free. Come July next year, all tariffs could be back on and they could even be higher. 
       Will the canola producers take a cautious approach to next year’s plantings, and drop their canola production in favour of a crop that has less risk of sanctions? Have they learned that China doesn’t care about the bottom line of the Canadian producers?

    10. Euclidisthebomb on

      Tariff rate guaranteed for 5 yrs. And I think this extends the temporary relief that was signaled the day before to 5 yrs for all canola related products.

      This is pretty huge. The language is very interesting as well.

      This is really going to piss off Dementia Don.

      Farmers in Sask will be dancing in the street, and probably thanking PP instead of Carney.

    11. HeavenInVain on

      Thats some great news

      Now I just gotta wonder when they’re going to stop letting us play ice hockey /s

    12. explorer9599 on

      Definitely good for the farmers and the economy. We need this because of the tariffs from the US making it hard for us.

    13. kenny-klogg on

      Where is the guy from the other tread this week who said this will never happen and carney didn’t accomplish anything.

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