Canada and China have solidified a strategic trade partnership, aiming to increase Canadian exports to China by 50% by 2030. During a four-day visit to China, Canadian Prime Minister Mike Carney announced agreements focusing on energy, clean technology, and climate competitiveness. The partnership includes significant tariff reductions, with Chinese electric vehicles now subject to a 6.1% tariff, down from 100%, and Canadian canola seed tariffs reduced from 85% to 15%.
This collaboration marks a shift in Canada's trade strategy, traditionally aligned with the U.S., as relations with Washington have cooled. The agreements are expected to boost Chinese joint venture investments in Canada, enhancing local production and employment. Additionally, Canadian exports such as canola meal, lobsters, crabs, and peas will enjoy tariff-free access to China from March 1, 2026. Carney emphasized the importance of this partnership in adapting to a "new world order," characterized by emerging coalitions and evolving global governance structures.
Canada and China Forge Strategic Trade Partnership Amid Global Shifts
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