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%.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Drought cuts Germany’s grape harvest to 2010 levels
Malaysian palm oil rises to two-week high on El Niño supply risks
4S Business Summit Rotterdam – Agenda Updated!
Australia’s winter crop output to fall 8%, while canola hits record high
Tunisia’s olive crop could fall by up to 50%, but prices will depend on Spain
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon