Beijing, Ottawa agree to extend deal on canola, Chinese steel access to late 2028

OTTAWA — Beijing and Ottawa are extending a January agreement to provide Chinese market access to Canadian imports in exchange for Canadian market access for Chinese steel and aluminum.

In March, after Prime Minister Mark Carney’s January visit to Beijing, China dropped tariffs on Canadian canola meal, peas, lobster and crab.

While Canada agreed in return to allow in certain Chinese steel and aluminum products, the deal was set to expire at the end of this year.

Trade Minister Maninder Sidhu says that deal is being extended by two years, to the end of 2028.