China revokes Richardson Int. canola shipping permit as Huawei dispute escalates
Agricultural giant Richardson International Ltd. has confirmed that China has revoked the company's permit to ship canola to the country as a diplomatic feud between Canada and China escalates.
The loss of the export permit for one of Canada's largest canola exporters comes as Ottawa moves to proceed with the extradition hearing of Huawei Technologies Co. Ltd. executive Meng Wanzhou.
The Canola Council of Canada says news about the blocked exports to China, the destination for about 40 per cent of Canada's canola exports, hurts the entire value chain of industries involved in the market.
Canola Council spokeswoman Heidi Dancho says the council is concerned about challenges exporters have faced shipping to China as they create instability and costs.
She says that while diplomatic frictions are concerning, there is no clear evidence they are related to the current challenges.
The permit revocation, first reported by Reuters, follows a Mar. 4 report from Chinese state media accusing two imprisoned Canadians of trying to steal state secrets from the People's Republic.