BEIJING, Jan. 17 (Xinhua) -- China and Canada have reached specific arrangements to properly address trade issues related to electric vehicles (EVs), steel and aluminum products, rapeseed, and agricultural and aquatic products, China's Ministry of Commerce said on Friday.
To implement the important consensus reached by the leaders of China and Canada, both sides have recently conducted multiple rounds of intensive consultations at various levels, focusing on key economic and trade issues of mutual concern, the ministry noted in a statement.
The two sides have reached positive consensus on increasing direct flights, improving the business environment, and inspection and quarantine of agricultural products, it said.
During Canadian Prime Minister Mark Carney's visit to China, the two countries signed an economic and trade cooperation roadmap, a major achievement under the framework of the China-Canada new strategic partnership, the statement quoted an official with the ministry as saying.
The two sides agreed to enhance the China-Canada Joint Economic and Trade Commission mechanism and comprehensively expand pragmatic economic and trade cooperation across all fields. They also reached a positive consensus on cooperation under multilateral and regional frameworks, according to the roadmap.
Canada will make positive adjustments to its unilateral measures against Chinese EVs as well as steel and aluminum products, and concerning specific cases involving the investment and operation of Chinese companies in the country, the official added.
China has taken note of Canada's recent statement that it will allow an annual quota of 49,000 Chinese EVs into the Canadian market at the most-favored-nation tariff rate of 6.1 percent, exempting them from the 100-percent surtax imposed in 2024, the official said.
Considering the statement "a positive step in the right direction and welcome news for Chinese EV enterprises exploring the Canadian market," the official said China hopes that Canada will actively fulfill its commitments and continue to work with China to create a fair, stable and non-discriminatory environment to further expand trade and investment cooperation in the EV sector through friendly consultations.
China will also adjust its anti-dumping measures on rapeseed and anti-discrimination measures regarding certain Canadian agricultural and aquatic imports, in accordance with relevant regulations.
These arrangements are expected to boost bilateral industrial cooperation and benefit the people of both nations, the official said.
Looking ahead, both sides will jointly implement the hard-won outcomes of the consultations, accelerate finalizing of details, clarify timelines, develop action plans, expedite the completion of their respective domestic procedures and promote early implementation of the outcomes, the official stated.
The two sides will fully leverage the China-Canada Joint Economic and Trade Commission mechanism to continue expanding cooperation, resolve issues, manage differences, and promote the healthy, stable and sustainable development of China-Canada economic and trade relations, the official concluded. Enditem
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