China begins anti-dumping probe into Canadian rapeseed

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

China begins anti-dumping probe into ********* rapeseed

Cooking oils made from canola from Canada and soybeans are offered for ***** at a grocery store on April 26, 2022 in Chicago, Illinois.

Scott Olson | Getty Images

China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa’s 100% tariffs on ********-made electric vehicles and other products come into force.

There has been growing trade tension between Beijing and the West in recent weeks after Canada, the ******* States and the ********* Union opted to impose tariffs on imports of electric vehicles from China.

The inquiry will examine imports from Jan. 1 to Dec. 31, 2023, China’s commerce ministry said in a statement, adding that preliminary evidence and information showed dumping of the oilseed, also known as canola, had taken place.

While noting that Canada adheres to “rules-based trade,” ********* Minister of Agriculture Lawrence MacAulay said the country’s products meet the highest standards and its inspection systems are robust.

“I am deeply concerned by this announcement, and I want to be clear that our government will always support the agriculture sector as they pursue market access for their world-class products,” he said.

******** President Xi Jinping met with Spanish Prime Minister Pedro Sanchez on Monday in a bid to avoid a broad trade war.

China has already launched an anti-subsidy investigation into dairy imports from the ********* Union and an anti-dumping investigation into EU pork imports.

“A trade war would benefit no-one,” Sanchez said, adding he was seeking to create a level playing field in cooperation with ******** companies.

China’s commerce ministry said there was a causal relationship between the dumping of ********* canola imports and actual damage to domestic industry following significant rises in the imports and falling prices.

More than half of rapeseed exported by Canada makes its way to China. The world’s biggest oilseed importer purchased 5.5 million metric tons of canola in 2023, valued at $3.72 billion. Imports from Canada accounted for 94% of the total.

The investigation is “fundamentally different” from the discriminatory measures taken by Canada in violation of WTO rules, a spokesperson from the commerce ministry said in a Q&A session on Monday.

Canada, following the lead of the ******* States and ********* Union, will on Oct 1 impose a 100% tariff on imports of ******** electric vehicles and a 25% tariff on imported steel and aluminum from China.

The announcement of Beijing’s plan on an anti-dumping probe last week sent prices of ******** rapeseed oil futures to a one-month peak.

The investigation will start effectively immediately, and should be completed before Sept. 9, 2025, although it may be extended for another six months under special circumstances, the ministry said.

The probe will also examine the industrial damage from these ********* imports covering the ******* from Jan. 1, 2021 to Dec. 31, 2023, it said.

MacAulay had previously said China’s move was “deeply concerning”. China has also said it will initiate an anti-dumping investigation into some ********* chemical products.

This is the hidden content, please

• Sign In
• or
• Sign Up

#China #begins #antidumping #probe #********* #rapeseed

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up