Canada announced it expects China to slash tariffs on its rapeseed by March 1, signaling a thaw in a long‑standing trade rift that has stalled crop flows between the two nations. The move follows months of diplomatic pressure and market uncertainty that hurt Canadian farmers and global markets in 2024.

Canadian officials say the tariff cut will restore market access for rapeseed producers, who have faced steep duties that pushed prices up and limited export volumes. Analysts note that easing restrictions could revive the sector’s growth and improve the country’s bilateral relations with China, a key trading partner in the market.

Industry groups urge the Canadian government to monitor the implementation closely, as the tariff reduction could trigger a surge in imports that might pressure domestic prices. Meanwhile, Beijing has signaled willingness to negotiate further, hinting at broader cooperation on trade and technology that could reshape the region’s economic dynamics for 2024.