19 June 2018

2 minute read

North America

The industry recognizes that the government has done a lot of political maneuvering to get Canada and many industries to this point and is happy with the introduction of the legislation before the house rises.

"We are confident that the government fully understands all of the stated advantages of having CPTPP ratified as soon as possible and our industry will keep supporting the government in their efforts to have this legislation passed," said CMC Board of Director Chairman, David Colwell.

CPTPP has the potential to increase beef and pork sales by at least $500 million, creating the potential to support an additional 5,800 jobs in Canada's meat sector.

Mexico has already ratified the deal, Japan is expected to do so within days, and others including Australia, Chile, New Zealand and Vietnam are likely to do the same soon.

With the uncertainty created by the renegotiation of NAFTA, the retaliatory tariffs, the potential massive competitive trade disruptions arising from the US-China talks and the lack of real access to the European Union provided under the CETA, CMC says it is glad that the government has introduced this in the House before it leaves for summer recess and looks forward to a swift implementation this fall.

"I would like to thank Minister Champagne and Minister MacAulay for their hard work, perseverance and leadership on this important file," added Chris White, President and CEO of CMC.

Viable commercial access to international markets is vital to for Canada's industry’s economic success and free trade agreements such as CPTPP, CETA and NAFTA remain a priority for its industry as 60-70 per cent of the products are exported to over 100 countries.

Such trade agreements will help the meat industry reach the $75 billion Barton Report target, says CMC.

TheCattleSite News Desk