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Carney Hails 'New Era' With China as Ottawa and Beijing Sign Energy MOUs, Restart Ministerial Talks

Non-binding deals restart ministerial energy talks, leaving tit-for-tat tariffs in place.

Overview

  • Canada and China signed several cooperation agreements, including an energy memorandum that re-establishes ministerial energy dialogue every 12 to 18 months.
  • The energy pact focuses on discussions covering oil and gas, LNG and LPG, clean technologies and emissions, with no commitments for Chinese purchases of Canadian petroleum or LNG.
  • Key trade disputes remain unresolved, with Canada’s 100% tariff on Chinese electric vehicles and China’s duties on Canadian canola, pork and seafood unchanged as negotiations continue.
  • Ontario Premier Doug Ford publicly opposed any easing of EV tariffs, while prairie leaders pressed for relief on agricultural exports hurt by Chinese levies.
  • Carney cast the trip as a reset to diversify trade toward Asia after meetings with Premier Li Qiang and major firms, with a session with President Xi Jinping scheduled for Friday.