Canola Giant Says China Restrictions May Be Linked to Huawei
- Richardson says China import license revoked as of March 1
- Canada’s Freeland seeking answers before drawing conclusions
Photographer: Jeremy Piper/Bloomberg
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Canada’s largest canola exporter signaled that China’s decision to restrict its shipments may be linked to a growing diplomatic row with China over the arrest of a Huawei Technologies Co. executive.
Richardson International said it was informed by the Canadian government on March 1 that its Chinese canola import license had been revoked, raising concerns from other exporters that it may face similar restrictions. Canada is the world’s No. 1 producer of canola, and China accounts for about 40 percent of its exports.