Canada Will Import 49,000 Chinese Electric Vehicles

 During the visit, both sides reached broad consensus on deepening economic and trade cooperation, signed the "China-Canada Economic and Trade Cooperation Roadmap," and formed preliminary joint arrangements for addressing bilateral economic and trade issues.

 The head of the U.S. and Canada Department of the Ministry of Commerce explained the relevant economic and trade results, stating that in 2024, Canada imposed a 100% additional tax on Chinese electric vehicles, which had a significant impact on China's exports of electric vehicles to Canada.

 According to the latest adjustment arrangements, Canada will grant China a quota of 49,000 electric vehicles per year, with a 6.1% most-favored-nation tariff rate within the quota, and no additional 100% tax will be imposed. The quota quantity will increase annually at a certain rate.

 China believes this is a positive step in the right direction for Canada and is also good news for Chinese electric vehicles entering the Canadian market.

 It is hoped that Canada will actively fulfill its relevant commitments and continue to work in a cooperative manner with China, through friendly negotiations, to further expand the trade and investment cooperation in electric vehicles between the two countries and create a more fair, stable, and non-discriminatory environment.

 We look forward to the business communities of both countries seizing the opportunity, strengthening cooperation, and achieving mutual benefit.