Overview
- Canada will allow up to 49,000 Chinese electric vehicles at a 6.1% tariff, with the quota reported to rise to 70,000 within five years and higher duties applying above the cap.
- China will cut tariffs on Canadian rapeseed to about 15% by March 1 and ease measures on other farm goods including lobster, crab and peas.
- Officials describe the accord as preliminary, leaving questions about whether the EV quota is annual or cumulative and how legally binding China’s commitments are.
- China plans visa‑free entry for Canadian travelers, and the visit marks the first trip by a Canadian prime minister to China in eight years after a prolonged chill in relations.
- The People’s Bank of China extended a 200‑billion‑yuan currency swap line with the Bank of Canada for five years to facilitate trade and investment.