China extends tariff relief for peas, canola meal

 

China has extended significant tariff reductions on Canadian peas, canola meal, lobster and crabs, peas and canola meal for another two years after a meeting in Beijing between Chinese officials and International Trade Minister Maninder Sidhu.

The tariff reductions, set to expire on Dec. 31, have been extended to the end of 2028, Sidhu said in a statement from Beijing.

The suspended tariffs include 100-per-cent levies on peas and canola meal and 25-per-cent on lobster and crab. Shipments of these products for the first eight months of the year reached $1-billion, according to Sidhu’s office.

“This extension gives farmers, producers and harvesters predictable access to the Chinese market, and it’s how we will grow our exports to China by 50 per cent by 2030 to create good-paying jobs and new opportunities for businesses across Canada,” Sidhu said.