China and Canada Reach Trade Agreement to Restore Canola Shipments as Crushing Industry Halts
China and Canada have finalized a trade deal reducing tariffs on canola, allowing importers to secure 650,000 metric tons to relieve domestic supply shortages.
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China 
CNand Canada 
CAhave reached a finalized trade agreement to reduce tariffs on Canadian Canola/Rapeseed , allowing Chinese importers to secure up to 10 cargoes of the oilseed. The deal followed a visit to Beijing by Prime Minister Mark Carney mark carneyearlier in January 2026 and comes as a relief to the Chinese canola crushing industry, where companies such as 3SBio Inc monitor the broader agricultural supply chain for impacts on domestic operations. These purchases, totaling approximately 650,000 metric tons, are scheduled for shipment between February and April 2026 to address a sudden halt in domestic processing capacity.
CNand Canada CAhave reached a finalized trade agreement to reduce tariffs on Canadian Canola/Rapeseed , allowing Chinese importers to secure up to 10 cargoes of the oilseed. The deal followed a visit to Beijing by Prime Minister Mark Carney mark carneyearlier in January 2026 and comes as a relief to the Chinese canola crushing industry, where companies such as 3SBio Inc monitor the broader agricultural supply chain for impacts on domestic operations. These purchases, totaling approximately 650,000 metric tons, are scheduled for shipment between February and April 2026 to address a sudden halt in domestic processing capacity.The agreement centers on a trade-off where Chinareduced tariffs on Canadian Canola/Rapeseedin exchange for Canadalowering levies on Chinese electric vehicles. This development represents a significant reversal of the preliminary anti-dumping duties Chinaimposed on Canadian exporters in August 2025. This policy shift is of particular interest to those following the iShares MSCI Canada ETF , as it restores a primary export market that had been restricted for months. Each of the 10 secured cargoes consists of roughly 65,000 metric tons of product.
