Richardson International’s Curt Vossen made the remarks before a parliamentary committee studying the Canada-China trade dispute, which suspended its export license, as well as that of another major exporter, Viterra , evoking the presence of parasites.
A third Canadian company has also received a notice of non-compliance from China, but there is no indication that its license has been revoked, confirmed Tuesday the Federal Minister of Agriculture, Marie-Claude Bibeau.
China’s crackdown on Canadian canola seed imports is seen as a retaliatory action against Canada following the arrest of Huawei leader Meng Wanzhou in Vancouver at the request of states -United.
Chinese buyers are still unwilling to buy Canadian canola seed, and Vossen said he can not stress enough the importance of quickly finding a solution to the quarrel.
If the dispute continues over time, companies will have no choice but to find other markets, which will not be an easy task, said the head of the company in Winnipeg.
“Although we are optimistic about possibly finding other markets, it will not be an exercise without pain,” he added.
Canola exports are important to Canada and China is its largest market.
Last year, China imported the equivalent of 2.7 billion Canadian canola seeds. Seeds are the raw material of canola oil, widely used for cooking and in some industries.
While the federal government is seeking a solution to the dispute with China, it is trying to find new markets and the Trudeau government ministers have extolled Canada’s recently ratified trade agreements with the Asia-Pacific region and the European Union.
The Liberal government insisted that it wanted to find a scientific solution to the dispute. Minister Bibeau says she sent a letter to her Chinese counterpart asking to send a delegation of experts to China to examine the issue. Officials are also exploring options to help farmers from existing programs, said M me Bibeau.