Sisi Chan

Canadian canola farmers express ‘cautious optimism’ over trade agreement with China

Canola farmer Stephen Vandervalk, vice-president of the Wheat Growers Association, gave mixed reactions towards the trade agreement between Canada and China.

The agreement, aimed at reducing tariffs, came into play as a reaction to taxing events between China and Canada over Chinese automobiles.

Tariff reduction is expected to result in an increase in Chinese electric vehicles in the Canadian market as a product of this deal.

Vandervalk highlighted potential pitfalls including Canada’s possible struggle to compete with other nations due to remaining tariffs. He also expressed concern over U.S reactions to existing tariffs protecting the North American auto industry.

The Canola Council of Canada and Canadian Canola Growers Association applauded the deal, marking a potential breakthrough for the industry.

André Harpe, chair of the Alberta Canola Producers, celebrated the development, signifying a victory for Canadian growers.

Saskatchewan Premier Scott Moe expressed positive sentiments towards the agreement, underlining the economic importance to Canada.

Alberta Premier Danielle Smith welcomed China’s move and expressed hope for extended tariff reductions. However, she also underscored security considerations regarding imported products.

Federal Conservative labour critic Kyle Seeback offered a more reserved view, citing China’s unpredictable reputation as a trading partner.

The diversified responses signal varying perspectives within the farming and automotive industries, reflecting the deal’s complex implications on Canada’s trade landscape with China.