Ministry of Commerce responds to Canada's canola seed issue: Will fully consider Canada's reasonable demands within the regulatory framework.

The Ministry of Commerce held a routine press conference on January 22nd. The spokesperson of the Ministry of Commerce, Hong Yongqian, answered questions related to the trade agreement between China and Canada on electric vehicles and canola seeds. According to the adjusted arrangement, Canada will provide a quota of 49,000 electric vehicles per year to China. Within the quota, the vehicles will enjoy a 6.1% most favored nation tariff treatment, and no longer be subject to a 100% additional tax. The quota quantity will increase annually by a certain percentage. China believes that this is a positive step in the right direction by Canada and good news for the Chinese electric vehicle market. Regarding canola seeds, China has always advocated for resolving trade disputes through dialogue and negotiations. China will fully consider Canada's legitimate demands within the framework of rules and make a final decision based on facts and evidence. It is believed that these measures will play a positive role in deepening trade and industrial cooperation between China and Canada, as well as enhancing the welfare of the peoples of both countries.