The delay in ratifying the replacement for NAFTA is neither a surprise nor cause for concern, says the Canadian Cattlemen’s Association.
“A delay in implementing the new agreement is not a significant concern for the beef sector as long as the existing NAFTA remains in effect,” it said.
Congress is currently on a summer break and unlikely to ratify the deal before Canada’s federal election in October.
Prior to Parliament’s recess, CCA vice-president Bob Lowe told the House Committee that access to world markets, including North America, means that each beef carcass is on average worth $602 more than it would be if sold only to the Canadian market.
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