Overview
- Canada will permit up to 49,000 Chinese electric vehicles a year at the 6.1% most‑favoured‑nation tariff, with Prime Minister Mark Carney saying the quota could rise to about 70,000 within five years.
- China is expected to cut combined tariffs on Canadian canola seed to roughly 15% by March 1 and suspend anti‑discrimination tariffs on canola meal, peas, lobster and crab, while canola oil was not addressed.
- A joint statement outlined a new strategic partnership spanning trade, energy and agri‑food, with plans to restart economic and financial dialogues and a Chinese pledge to introduce visa‑free travel for Canadians.
- Ottawa says the measures would help unlock nearly $3 billion in export orders and supports a goal to expand Canadian exports to China by 50% by 2030.
- Beijing described the outcome as a preliminary agreement without confirming all technical details, drawing mixed reactions in Canada and the U.S. and putting implementation and verification in the spotlight.