The Saskatchewan Trade and Export Partnership (STEP) is joining the effort to ensure market access into China for Canadian canola products in light of the latest round of Chinese tariffs.
“Between the new 75% tariff on canola seed and the existing 100% tariff on oil and meal, the Chinese market is effectively closed for Saskatchewan canola products,” says incoming STEP CEO Chris Lane. “We are deeply concerned about the impact that could have on our members and the industry as a whole, not to mention producers who are starting harvest.”
Beyond direct exporters, supporting industries such as transportation, logistics, agri-technology, and value-added services are feeling the ripple effects. These industries play an integral role in Saskatchewan’s economy, and many are now experiencing operational strain due to storage bottlenecks, contractual uncertainties, and reduced market confidence.
STEP is encouraged by the Government of Saskatchewan’s efforts and advocacy on this issue, including the recent meeting with the Government of Canada and Premier Moe’s plans to travel to China.
“Saskatchewan’s economy runs on exports,” says Lane. “The work to keep global markets open and diversified for our products requires constant effort at all levels; including government leadership, industry partners and of course our ongoing initiatives at STEP”.
Click here to see more...