Chinese importers stop purchase of Canadian canola seeds

Image
AP Toronto
Last Updated : Mar 22 2019 | 8:55 PM IST

China has stopped all new purchases of Canadian canola seeds in what some see as retaliation for Canada's arrest of a top executive of Chinese tech giant Huawei.

The Canola Council of Canada said late Thursday that exporters are reporting Chinese importers are unwilling to purchase the seeds at this time.

Relations between both countries have been tense since Canada arrested Chinese tech executive Meng Wanzhou in Vancouver in early December at the request of the US.

US prosecutors have filed fraud charges against Meng, who is Huawei's chief financial officer and the daughter of its founder.

China has warned of "grave consequences" if Meng is not immediately released. On December 10, it arrested two Canadians in an apparent attempt to pressure the government of Justin Trudeau.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 22 2019 | 8:55 PM IST

Next Story