Canadian Prime Minister Mark Carney announced on Friday that Canada and China have reached a preliminary trade agreement to reduce tariffs on products from both nations.
The announcement came during a news conference in Beijing following a meeting between Carney and Chinese President Xi Jinping.
“Canada and China have reached a preliminary but landmark trade agreement to remove trade barriers and reduce tariffs,” Carney stated.
He specified that as part of the agreement, Canada expects China to lower the combined tariff on Canadian canola seed from the current 84 percent to approximately 15 percent by March 1.
