Canada Exports Bringing Canada To The World
Canola exporters book China sales, possibly weakening Ottawa’s hardline stance
Canadian exporters are making small sales of canola to China under Beijing’s stricter terms, an industry group and three sources said, possibly undermining Ottawa’s hardline negotiating stance with the world’s top market for the oilseed.
The dispute over the new shipping standard, which industry groups in the world’s biggest canola exporter warn would cripple $2-billion ($1.55-billion U.S.) in trade, threatens to mar Canadian Prime Minister Justin Trudeau’s visit to China next week. The tougher standard on canola, also called rapeseed, takes effect on Sept. 1.
Canada’s trade minister told Reuters this week that the trade relationship could not progress until the issue is resolved, prompting Beijing to criticize Ottawa for linking the two matters. Read More…
