As one of the world’s largest exporters of agricultural and agri-food products, stable and predictable access to international markets is essential to Canadians. The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, and the Honourable Chrystia Freeland, Minister of International Trade, welcomed the announcement that Canada and China have signed agreements supporting the export of canola and beef, which will help farmers by creating jobs, opportunities and growth in the agricultural sector…Full Article: Government of Canada Sept 2016
- Canada and China signed trade agreements relating to Canadian exports of canola and frozen bone-in beef. In addition, negotiations on Canadian exports of pork, bovine genetics (e.g. bovine sperm) and processed foods were also advanced.
- In 2015, Canada exported $2 billion worth canola and $255 worth of beef to China.
- In late June 2016, COFCO announced it would open a crop trading office in Winnipeg, central Canada. COFCO’s Winnipeg office will focus on canola (rapeseed), canola oil, canola meal, wheat, barley, and soybeans. In general, Canada harvests these crops from August to October.
- In June 2015, Agriculture and Agri-Food Canada (AAFC) representatives visited Chongqing, Shanghai and Beijing. During the visit, AAFC signed various deals with China. For instance. AAFC signed an agreement with the Chinese e-commerce site JD.com in Beijing. As a result, JD.com will launch a page dedicated to selling Canadian agri-food and fish and seafood products before the end of 2016.
- In 2014, agricultural goods accounted for approximately 25% of trade between Canada and China. During that year, China imported 4.3 million MTs of canola seed and 500,000 MTs of canola oil from Canada.
- From 2013 to 2014, mainland Chinese imports of Canadian canola/rapeseed increased from 2.7 million MTs to 4.5 million MTs.
- In May 2013, a press article noted that Chinese canola importers were looking to increase imports owing to lower foreign prices vis-à-vis domestically subsidized canola.
- In April 2013, Canada, the world’s largest canola producer, was granted increased access to crushing plants in China. As a result, Canada could export canola to 11 Chinese crushing facilities (capacity of 5.5 million metric tons).