By Laura Dhillon Kane
Canada and China extended a deal to lower Beijing’s agricultural tariffs through the end of 2028, while pledging to continue discussions on boosting Canadian exports to the Asian superpower.
The countries agreed to the extension at a meeting in Beijing co-led by China’s Commerce Minister Wang Wentao, Canadian International Trade Minister Maninder Sidhu said in a news release on Wednesday.
The original arrangement was struck in January during Prime Minister Mark Carney’s visit to China, the first by a Canadian leader since 2017. The nations have strengthened ties following years of diplomatic strain, amid US President Donald Trump’s tariff assaults on both trading partners. The announcement on the tariff deal came a day after Trump’s Republican Party suffered heavy losses in the US midterm elections.
Also, Carney’s office said he’ll travel to China for the APEC meeting in the southern city of Shenzhen that is set for Nov. 18–19. His trip will also take him to Ireland, the Philippines and Cambodia.
Canada is expanding trade ties with China as the European Union takes a tougher line with Beijing on commerce. On Tuesday, Bloomberg News reported that the EU was mulling changes to rules as part of a strategy to manage economic security risks and tighten loopholes to better protect the bloc’s single market.
The extension means Canadian canola meal, peas, lobsters and crab will face lower Chinese tariffs for another two years. China also restored market access for Canadian beef during Carney’s January visit.
Canada will extend to the end of 2028 certain remission measures — essentially tariff waivers for importers — for Chinese steel and aluminum products not made in Canada. In January, Canada also agreed to import a quota of Chinese electric vehicles at a reduced tariff rate.
“Canada will continue discussions with China to identify opportunities to deliver on the government’s target of increasing Canadian exports by 50% to China,” the government said in the release.
Earlier this year, the Carney government committed to jointly back, with the province of Alberta, a new oil pipeline to the west coast that would feed Asian markets.
© 2026 Bloomberg L.P.