Canada Makes Trans-Pacific Partnership DealJanuary 24, 2018 7:15am
Canada has reached a deal with the other countries involved in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP.
“Reaching this milestone on the CPTPP is great news for Canadian farmers and food processors as it will help grow the Canadian economy, including the middle class, and deliver prosperity to rural communities across the country,” said The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food.
“It will give the Canadian agricultural industry preferential access to all CPTPP countries and will provide new market access opportunities for a wide range of Canadian products, including meat, grains, pulses, maple syrup, wines and spirits, seafood and agri-food products.”
Officials from Soy Canada agree.
Soy Canada Chair Mark Huston says the elimination of all import tariffs on soy products and the technical measures of the deal will support Soy Canada‘s target of a doubling of production to 13 million tonnes by 2027.
Canadian soybean production continued its rapid growth in 2017, expanding by 18% and reaching a historic high of 7.7 million tonnes.
And Canadian Federation of Agriculture President Ron Bonnett says the CPTPP will open unprecedented new markets for Canadian farmers in other areas such as red meats and grains.
But not all sectors of the agriculture industry think it’s a good deal.
Officials with the Dairy Farmers of Canada say concessions had been made earlier in the CETA pact with the European Union, that is the Comprehensive Economic and Trade Agreement.
In CETA, Europe is allowed to send over more cheese products duty free. Now there are more market concessions in the CPTPP and it is a somber day for the 221,000 families that rely on the dairy industry for their livelihood.
Two other sectors that could be impacted are the chicken and auto industries.