China reduces anti-dumping duties on Canadian rapeseed
On Saturday, China sharply reduced its tariff rate on Canadian canola in the final decision following a 17-month anti-dumping investigation, following a warming of relations between Beijing and Ottawa.
This announcement came a day after China announced the suspension of some duties on Canadian agricultural products imposed during its trade dispute with Canada.
According to a statement from the Commerce Department, the final anti-dumping duty was reduced to 5.9% from the provisional 75.8% imposed in August. The tax will take effect on March 1 and will remain in effect for five years, Reuters reports.
In addition to the anti-dumping duty, Canadian canola remains subject to China’s standard import duty of 9%, bringing the total effective duty to 14.9%.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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