Moe Praises Prime Minister Carney for Canada-China Trade Deal

Bassyonni

ago 2 hours

Canada and China have announced a significant preliminary deal aimed at eliminating tariffs on canola meal and peas. This agreement, praised by Saskatchewan Premier Scott Moe, is expected to immensely benefit producers in Saskatchewan and bolster the Canadian economy.

Moe Praises Prime Minister Carney for Canada-China Trade Deal

During a news conference held at the University of Saskatchewan, Premier Moe revealed the details of this agreement. He was joined by various provincial ministers and industry representatives, highlighting the importance of this pact for the agricultural sector.

Moe expressed his strong approval of the deal, stating, “This is one of the strongest agreements that I have seen in my elected time.” He emphasized the positive impact on Saskatchewan’s agriculture, noting that the province accounts for approximately 55% of Canada’s canola production.

Significance of the Agreement

The new trade arrangement is poised to help farmers and exporters in Saskatchewan.
Canola contributes to over 200,000 jobs across Canada.
The overall canola industry represents a $44 billion contribution to the national economy.

Premier Moe credited Prime Minister Mark Carney for the constructive engagement with Chinese officials that made this deal possible. Former Liberal MP Ralph Goodale also highlighted the necessity of Carney’s efforts, asserting that rebuilding trade relationships is essential for Canada to diversify its economy and markets.

Restoration of Beef Imports

In addition to the canola agreement, China has lifted its ban on Canadian beef imports. This follows the discovery of a single case of bovine spongiform encephalopathy (BSE) in Alberta in 2021. Federal Agriculture Minister Heath MacDonald announced that a Chinese importer has already placed an order for 60,000 metric tonnes of canola seed, while shipments of Canadian beef will soon commence.

Future Prospects

MacDonald noted the swift response from China, indicating that the country is eager to resume imports. He stated, “When the door opened, it opened.” The changes in tariffs are expected to take effect by March 1.

The Canadian Cattle Association welcomed the restoration of market access, recognizing China as a vital export destination for beef. The association’s president emphasized that every market supports the resilience and growth of Canadian farmers.

While this deal marks significant progress, MacDonald pointed out that further negotiations are necessary for Canadian pork, which continues to face tariffs in China. The government is committed to working towards meeting both Canadian and Chinese demands.

The implications of these agreements signal a positive shift in Canada-China relations and are crucial for enhancing trade dynamics between the two nations.