China’s Foreign Ministry has responded forcefully to reports that Canada is pursuing action at the World Trade Organization (WTO) over Chinese duties on Canadian agricultural and fishery products, stating that its countermeasures are "justified, reasonable, and lawful."
Foreign Ministry spokesperson Lin Jian reaffirmed China's position during a press briefing in Beijing, emphasizing that the tariffs in question align with international trade regulations. "China's trade policies, including those affecting Canadian imports, are fully compliant with WTO principles and are implemented to safeguard the legitimate rights and interests of our industries," Lin stated.
The response comes after reports that Canada is escalating its trade dispute with China by formally challenging the tariffs imposed on agricultural products, including canola, seafood, and other key exports. Canadian officials have argued that China’s duties are unjustified and in violation of global trade norms.
Tensions between the two countries have been on the rise since 2018, following the arrest of Huawei executive Meng Wanzhou in Canada and subsequent diplomatic and economic frictions. The imposition of trade barriers by both sides has fueled ongoing disputes, prompting multiple WTO consultations.
Lin stressed that China has always supported multilateral trade mechanisms but will not hesitate to defend its economic sovereignty. "If Canada truly values fair trade, it should engage in dialogue rather than resorting to litigation," he added.
The WTO case is expected to take months, if not years, to reach a resolution. In the meantime, Canadian exporters remain concerned about the long-term impact of strained trade relations with one of their largest trading partners.
This latest trade dispute underscores broader geopolitical tensions between Canada and China, as both nations continue to navigate diplomatic challenges alongside economic disagreements.
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Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
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Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
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