China's Ministry of Commerce spokesperson He Yongqian Photo: Yin Yeping/GT

In response to questions regarding the trade agreement reached between China and Canada on electric vehicles (EVs) and canola seeds, He Yongqian, a spokesperson of the Ministry of Commerce, said on Thursday that according to the adjustment arrangement, Canada will grant China an annual quota of 49,000 EVs, with those within the quota enjoying the most-favored-nation tariff rate of 6.1 percent and no additional 100 percent tax. The quota will increase by a certain proportion each year. China believes that this is a positive step taken by Canada in the right direction and good news for Chinese EVs to explore in the Canadian market. 

Regarding canola seeds, China has always advocated resolving trade disputes through dialogue and consultation, said He. 

"China will fully consider Canada's reasonable demands within the framework of rules and make a final ruling based on facts and evidence. It is believed that these measures will play a positive role in deepening relevant trade and industrial cooperation between China and Canada and enhancing the well-being of the people of both countries," the spokesperson said.

Global Times