# Canola School: Trade Deal with China Holds Huge Potential for Canola - RealAgriculture

> The Canadian government is weighing a free trade agreement with China, and the canola industry sees large export potential there. Canadian canola seed faces a 9% Chinese tariff versus 3% on soybeans, which the Canola Council says cost about $32 per tonne in 2016. A council-commissioned study estimates removing the tariff could lift canola exports by up to $1.2 billion per year.

- Date: 2017-04-07 · published 2017-04-07T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/71486-canola-school-trade-deal-with-china-holds-huge-potential-for-canola
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Removing the tariff gap would make Canadian canola more competitive in China, supporting demand for canola meal and oil and potentially firming canola prices. The outcome remains uncertain and depends on negotiations.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- realagriculture.com: https://www.realagriculture.com/canola-school/canola-school-trade-deal-with-china-holds-huge-potential-for-canola/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.