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home > industry news > the fate of rapeseed - the impact of china's investigation on canadian agriculture
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as one of the world's largest canola exporters, canada's agricultural economy is closely tied to its trade relationship with china. china's imports of canadian canola account for a large proportion of the total, which makes the income of canadian farmers directly affected by china's policies.
in 2023, china's canola exports to canada will be nearly $5 billion, which puts canadian farmers under tremendous pressure. with china's investigation into canadian canola, canola market prices have fallen and canadian farmers are facing huge economic losses. this has also caused a shock in the global agricultural market, prompting other countries to begin paying attention to china's policy changes on imported goods.
in recent years, china has taken a series of actions on international trade, such as tariffs on us electric vehicles and investigations into eu brandy, as well as a new anti-dumping investigation into canadian canola imports. these actions have directly or indirectly affected the global economy and forced many governments to respond.
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for the canola industry, the canadian government is developing a series of programs to help farmers cope with market changes. for example, the canadian government encourages farmers to develop new export markets and provides financial assistance and technical support.
the canadian government is working hard to seek international cooperation to maintain its position in international trade.
to meet the challenges, canadian farmers are looking for new opportunities, such as increasing revenue through new markets and new products.