China has officially launched an anti-dumping investigation into Canadian rape seeds, marking a significant development in the ongoing trade relations between the two nations. The Ministry of Commerce announced on Monday that the probe will focus on imports of rape seeds from Canada starting in 2023.
The investigation aims to assess any potential damage inflicted on related Chinese industries over the period from January 1, 2021, to December 31, 2023. By scrutinizing these imports, China seeks to ensure fair trade practices and protect its domestic agricultural sector from what it perceives as unfair competition.
The anti-dumping probe is slated to conclude before September 9, 2025. However, under special circumstances, the Ministry may extend the investigation by an additional six months to thoroughly address any arising issues. The outcome of this probe could have significant implications for Canadian exporters and the global agricultural market, highlighting the delicate balance of international trade policies and economic strategies.
Reference(s):
cgtn.com
