Canada and China Advance Trade and Economic Partnership

Canadian Prime Minister Mark Carney visited Beijing from 16 to 17 January 2026, the first visit by a Canadian prime minister since 2017. During the visit, the two countries announced a preliminary agreement under the Canada-China Economic and Trade Cooperation Roadmap, aimed at strengthening bilateral trade and providing a stable framework for commercial engagement.

The roadmap includes reduced tariffs for up to 49,000 Chinese electric vehicles annually at a 6.1 per cent rate and a suspension of tariffs on selected steel and aluminum imports until the end of 2026. China will lower combined tariffs on Canadian oilseed to around 15 per cent, remove duties on oilseed meal, lobsters, crabs, and peas, and resume imports of beef and pet food. Together, these measures could unlock nearly USD 3 billion in trade.

Beyond tariffs, the agreement encourages cooperation in clean energy, digital technologies, modern agriculture, and advanced manufacturing. Both governments aim to facilitate investment flows in both directions and maintain ongoing dialogue on trade, science, and technology.

In 2024, Canada exported around USD 29.9 billion in goods to China, with key products including mineral fuels, ores, and agricultural commodities, while Canadian imports from China reached approximately USD 88.9 billion, primarily consisting of consumer goods and industrial equipment. Trade with China represents an important component of Canada’s overall commercial activity, contributing to economic growth and supporting employment across multiple sectors, offering Canadian exporters opportunities to expand their markets.