In a significant move affecting international trade relations, the Ministry of Commerce of the Chinese mainland announced on Monday the commencement of an anti-dumping investigation into rapeseed imports from Canada for the year 2023.
The investigation aims to determine whether Canadian exporters have been selling rapeseed at unfairly low prices, potentially harming the domestic rapeseed industry. The probe will also assess any damages inflicted upon related industries in the Chinese mainland between January 1, 2021, and December 31, 2023.
According to the ministry’s statement, the investigation is expected to conclude before September 9, 2025. However, under special circumstances, it may be extended for an additional six months.
This development underscores the ongoing complexities in trade relations between the Chinese mainland and Canada. Business professionals, investors, and market analysts worldwide will be closely monitoring the situation, given its potential impact on agricultural markets and international trade dynamics.
Rapeseed, also known as canola in Canada, is a significant agricultural export for Canada and a vital commodity for the Chinese mainland’s food and industrial sectors. The outcome of this investigation could influence future trade policies and economic ties between the two regions.
Reference(s):
cgtn.com
