According to Reuters on August 21, the Premier of Saskatchewan, Canada's main grain-producing province, Scott Moe, said that he will visit China soon, hoping to persuade China to cancel the anti-dumping measures against Canadian canola. China is currently Canada's largest market for canola. However, due to an investigation finding clear dumping behavior in Canadian canola, China announced that a deposit rate of 75.8% would be imposed on imported canola from Canada starting August 14.
Federal Minister of Agriculture Heath Macdonald also pledged to support farmers and related industries growing canola. According to industry data, the Canadian canola industry created 200,000 jobs and generated a value of 43 billion Canadian dollars (approximately 222 billion Chinese yuan). After the meeting, Macdonald told a phone interview: "We are working together with the industry."
Premier of Saskatchewan, Scott Moe, Reuters
As the world's largest canola exporter, Canada exported nearly 5 billion Canadian dollars (approximately 25.8 billion Chinese yuan) worth of canola products to China in 2024, of which about 80% were canola. However, if the anti-dumping measures remain in effect, Canadian canola exports to China would essentially be zero.
Facing the anti-dumping measures China has imposed on Canadian canola, Scott Moe said at a press conference: "I personally will visit China in the coming weeks, and there may be another meeting with Chinese authorities by the end of the year." He also called on the Canadian government to provide assistance to the industry.
Reuters reported that China and Canada have had trade disputes in areas such as electric vehicles, steel, and various agricultural products. For example, Canada's announcement of imposing a 100% tariff on Chinese electric vehicles caused dissatisfaction from China.
However, the reason for China's anti-dumping measures against Canadian canola was clearly explained in a notice issued by the Ministry of Commerce of China on August 12: The investigating authority initially determined that the imported canola from Canada had dumping behavior, the domestic canola industry in China had suffered substantial damage, and there was a causal relationship between the dumping and the substantial damage. According to the provisions of Article 28 and 29 of the Anti-Dumping Regulations, the investigating authority decided to implement temporary anti-dumping measures in the form of deposits.
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