The president of the Canola de Canada Council says that the new financing announced this week by Prime Minister Mark Carney “loses the brand” about what the industry needs at this time in front of a steep Chinese rate.
“We do not believe that there has been adequate recognition of extensive impacts in the rest of the canola value chain,” Chris Davison said about Rosemary Barton Live. “We have exporters and processors that have assets, facilities and infrastructure that is under coercion at this time.”
He added: “And there was nothing specifically that he was talking to him.”
Carney undertook on Friday to introduce new biofuel production incentives and provide more than $ 370 million to help national canola producers.
The prime minister also said that it would amend the clean fuel regulations of Canada to stimulate the development of a Canadian biofuel industry, would increase the loan limits for canola producers to $ 500,000 and invest in commercial diversification measures to support agricultural sectors.
Prime Minister Mark Carney announced a series of measures in a long speech on Friday, including funds for the resentment of workers and businesses affected by rates, as well as a ‘integral’ policy to buy Canadian products, saying that companies and employees face a ‘breakup’ in the commercial environment.
The measures were in response to China after reaching Canadian canola with a tariff of 75.8 percent last month, a movement widely seen as a counterattack at the 100 percent Canada rate in Chinese electric vehicles.
Davison told the host Rosemary Barton that the canola industry “is not subsidies and that it is not looking for subsidies,” and added that “the more these rates are maintained instead, the more significant, more negative, the more widespread the impact will be.”
Rob Stone, a Canola farmer based in Saskatchewan, estimated that if he lost a dollar for Bushel due to the Canada-China commercial war, he could cost his farm $ 150,000 in his production of Canola this year.
“And that may or may not be a number. There are so many different impacts that it is really difficult to understand. And it will only get worse if we cannot trade with our biggest market,” he said.
Although he appreciates the planned biofuel investments in Canada, Stone said they cannot replace the simple problem that China is the largest Canola market in Canada.
At this time, said Stone, he cannot rescue the Canola culture because the plans are already ready for the rotation of crops next year. But he said he still has confidence in the federal government to resolve the current trade war.
China extends Canola de Canada’s research
On Friday, China announced that it is prolonging its research on Canola Canadian imports, buying six more months for negotiations between the two countries.
The Ministry of Commerce said that anti -dumping investigation would now extend until March 9, 2026, citing the complexity of the case, a statement said.
The announcement occurred shortly before the Prime Minister of Saskatchewan Scott Moe and the parliamentary secretary of Carney, Kody Blois, flew to China to meet with officials and discuss commercial problems.
Last month, Moe said he thinks Canada should eliminate tariffs on Chinese electric vehicles, but make sure Canadians remain in good thanks with US officials. The Chinese EV tariffs of Canada closed with a movement of the then US president Joe Biden.
But Moe’s proposal has faced the federal conservative leader Pierre Poilievre, who told reporters on Friday that “he is” respectfully disagreeing “with the Moe point because Chinese EVs are a risk of security and that they would be a” strategic problem “for the country.
Davison of the Council of Canola said that his group has noticed that Canada and its provinces are becoming more involved with the Chinese government, which is an “encouraging signal” and a previous requirement to address the problem in question.
The conservative leader Pierre Poilievre says that he would not eliminate tariffs on Chinese electric vehicles to push China to lift their canadic canola tariffs. He said having Chinese vehicles in Canadian streets would be a strategic error.
Davison said that he is not sure if leaving tariffs on Chinese electric vehicles would make the canola problem in Canada disappear completely, but that the idea must be considered as the Canadian government works towards a resolution with China.
“Tariffs should definitely be considered from a Canadian perspective, but we really need to understand what will be needed to solve this problem and then decide what levers we should do to do so,” he said.
