Investing.com — Canada has imposed a temporary 10% tariff on imports of canned vegetables to protect domestic growers and food processors, Bloomberg reported on Friday, citing a statement from the Department of Finance.<\/p>\n
The safeguard measure took effect on June 19 and will remain in place for up to 200 days.<\/p>\n
Officials said the action follows an investigation launched earlier this year into possible trade diversion affecting the domestic market.<\/p>\n
According to the finance ministry, World Trade Organization rules allow countries to impose safeguard measures when rising imports threaten to cause serious harm to domestic producers.<\/p>\n
The tariff will not apply to imports from the United States, Mexico, Israel, Chile, or developing countries.<\/p>\n
The exemptions were included to ensure compliance with Canada\u2019s international trade obligations, the statement said.<\/p>\n
The measure comes as policymakers seek to support local agricultural producers and food processing businesses facing increased competition from imported products.<\/p>\n
Canada began examining the issue earlier this year amid concerns that shifting global trade flows could lead to larger volumes of canned vegetable imports into the country.<\/p>\n
Trade lawyers have previously noted that safeguard measures are relatively uncommon but could become more frequent during periods of heightened uncertainty in global commerce.<\/p>\n
Other jurisdictions have recently introduced restrictions on vegetable imports.<\/p>\n
In February, the European Union imposed anti-dumping duties on Chinese sweetcorn products, citing concerns that the goods were being sold at unfairly low prices.<\/p>\n
The Canadian tariff is scheduled to remain in effect while authorities continue assessing the impact of imports on domestic producers.<\/p>\n
Related articles<\/p>\n
Canada introduces 10% safeguard tariff on canned vegetable imports<\/a><\/p>\n Italy has performed better this decade than pre-2020. How long will this last?<\/a><\/p>\n