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China and Canada signed an agreement

Visa-free entry and tariff reduction

China and Canada signed an agreement

China and Canada have signed a new strategic partnership agreement aimed at deepening cooperation in trade and investment. Beijing has allowed visa-free entry for Canadian citizens, while Ottawa agreed to cut the 100% tariff on Chinese electric vehicles in exchange for lower tariffs on Canadian agricultural products. The agreement provides for the exchange of technological knowledge and expanded market access for both countries.

Context

The agreement was officially signed following years of negotiations on economic cooperation.

Summary:

Under a new strategic agreement, China and Canada have strengthened economic ties: visa-free entry for Canadians has been introduced, and tariffs on electric vehicles and agricultural products have been adjusted.