During the Ministry of Commerce's routine press briefing on January 22, spokesperson He Yongqian fielded inquiries concerning the China-Canada trade pact. He elucidated that Canada has committed to providing China with an annual import quota of 49,000 electric vehicles. Within this quota, a tariff rate of 6.1% will be applied, effectively nullifying the additional 100% tariff. Furthermore, the quota is set to escalate proportionally on an annual basis. China views this as a constructive step forward. In relation to the canola seed matter, China is a proponent of resolving discrepancies through dialogue and negotiation. It will take Canada's requests into due consideration within the confines of established regulations and render decisions grounded in factual substantiation. It is anticipated that these initiatives will foster enhanced trade collaboration between China and Canada and contribute to the welfare of the populations in both nations.
