Moe Applauds PM Carney’s Influence in Canada-China Trade Agreement

Casey Halston

ago 2 hours

Premier Scott Moe recently announced a pivotal agreement between Canada and China aimed at eliminating tariffs on canola meal and peas. This deal is attributed to the influence of Prime Minister Mark Carney, benefiting Saskatchewan producers and the broader Canadian economy.

Moe Applauds PM Carney’s Influence in Canada-China Trade Agreement

At a press conference held at the University of Saskatchewan, Moe emphasized the significance of this agreement. Accompanied by agriculture and trade ministers, as well as industry representatives, he asserted that this is one of the most favorable trade agreements he has seen during his time in office.

Impact on Saskatchewan Agriculture

Saskatchewan plays a crucial role in Canada’s agriculture sector, producing approximately 55 percent of the nation’s canola. Moe stated that the new trade agreement would positively impact farmers, exporters, and processing workers throughout the province.

The canola industry employs over 200,000 individuals nationwide.
It contributes approximately $44 billion to Canada’s economy annually.

Carney’s Role and Broader Trade Development

Moe credited Prime Minister Mark Carney for his proactive engagement with Chinese officials. This approach is seen as essential for strengthening trade relations.

Former Regina Liberal MP Ralph Goodale highlighted the importance of Carney’s shift towards establishing a trade deal with China. He noted the need for Canada to diversify its trading relationships, especially concerning key agricultural products like canola, peas, and beef.

In a related development, China recently lifted its ban on Canadian beef imports. This ban had been in place due to an isolated case of bovine spongiform encephalopathy found on an Alberta farm in 2021.

Renewed Trade Relations and Future Prospects

During a recent trip to Beijing, Carney discussed significant progress on trade issues. This included a new agreement concerning electric vehicles and canola. The announcement came shortly after meeting with President Xi Jinping, signaling an improvement in Canada-China relations.

Agriculture Minister Heath MacDonald informed reporters that a Chinese importer has ordered 60,000 metric tons of canola seed, along with preparations for shipping Canadian beef to China. This represents a crucial development, as it is the first major trade since the imposition of restrictions.

Economic Contributions of Canadian Agriculture

Canada’s farmers and food processors are an integral part of the national economy, accounting for 7 percent of the country’s GDP, approximately $150 billion annually. The Canadian Cattle Association welcomed the renewed access to the Chinese market, emphasizing the importance of every international market for Canadian farmers.

As discussions continue on a new agreement to support the agriculture sector, stakeholders remain optimistic about the future of trade relationships with China and beyond.

While the immediate outlook is promising, further attention is required for Canadian pork, which still faces tariffs from China.

Overall, this agreement marks a significant step towards revitalizing Canada-China trade relations, benefiting Saskatchewan agriculture and the Canadian economy as a whole.