China yesterday said that it would launch an anti-dumping probe into Canadian canola and chemical products, in apparent retaliation for Ottawa’s new restrictions on imports of Chinese electric vehicles (EVs).
Canadian Prime Minister Justin Trudeau last month announced tariffs of 100 percent on Chinese EVs, accusing Beijing of “not playing by the same rules as other countries” in areas such as environmental and labor standards.
The Chinese Ministry of Commerce said in an online statement that it “will initiate an anti-dumping investigation into canola imported from Canada, in accordance with the law.”
Photo: EPA-EFE
The ministry said domestic industries had recently reported that Canadian canola exports to China “have increased significantly,” reaching US$3.47 billion last year while prices “have continued to fall.”
Canadian exporters were “suspected of dumping” products into the Chinese market and that “China’s domestic canola-related industries have continued to incur losses under the influence of unfair competition by the Canadian side,” it said.
Beijing was “strongly dissatisfied and resolutely opposed” to the Canadian tariffs and planned to raise the issue with the WTO’s dispute resolution mechanism, it added.
China would also launch a similar probe into “relevant Canadian chemical products, based on applications by domestic industries,” the ministry said.
“China ... will take all necessary measures to defend the legitimate rights and interests of its enterprises,” it said.
Ottawa’s EV surtax, on top of existing import duties of 6.1 percent, is to be imposed from Oct. 1. A separate surtax on imports of steel and aluminum products from China is to take effect from Oct. 15.
Canada is among the world’s top producers of canola — an oilseed crop that is used to make cooking oil, animal feed and biodiesel fuel — and China has historically been one of its largest customers.
However, bilateral ties plunged into a deep freeze for several years from 2018, when Canada detained Huawei Technologies Co (華為) executive Meng Wanzhou (孟晚舟), while Beijing later arrested two Canadian nationals.
In 2019, Beijing banned imports from two Canadian canola providers — Richardson International Ltd and Viterra Inc — citing the detection of harmful organisms in the shipments.
Relations took a positive turn in September 2021, when Meng and the two Canadian nationals being held by China were all released after Meng reached a deal with US prosecutors.
In May 2022, China lifted its ban on canola imports from the Canadian firms.
Despite the relative detente, the two countries have in the past few years continued to have disagreements over a range of issues from trade and technology to human rights.
AI REVOLUTION: The event is to take place from Wednesday to Friday at the Taipei Nangang Exhibition Center’s halls 1 and 2 and would feature more than 1,100 exhibitors Semicon Taiwan, an annual international semiconductor exhibition, would bring leaders from the world’s top technology firms to Taipei this year, the event organizer said. The CEO Summit is to feature nine global leaders from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), ASE Technology Holding Co (ASE, 日月光投控), Applied Materials Inc, Google, Samsung Electronics Co, SK Hynix Inc, Microsoft Corp, Interuniversity Microelectronic Centre and Marvell Technology Group Ltd, SEMI said in a news release last week. The top executives would delve into how semiconductors are positioned as the driving force behind global technological innovation amid the artificial intelligence (AI) revolution, the organizer said. Among them,
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,
Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said Taiwan’s government plans to set up a business service company in Kyushu, Japan, to help Taiwanese companies operating there. “The company will follow the one-stop service model similar to the science parks we have in Taiwan,” Kuo said. “As each prefecture is providing different conditions, we will establish a new company providing services and helping Taiwanese companies swiftly settle in Japan.” Kuo did not specify the exact location of the planned company but said it would not be in Kumamoto, the Kyushu prefecture in which Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) has a