What do you get when you mix milk and eggs with a looming election? A “free” trade deal that gained major market access in Asia for Canada, but managed to keeps the tariffs for Canada’s supply-managed commodities. After all the barking from New Zealand, cows parading on Parliament Hill, tweets, heart-wrenching videos on Facebook, election […] Read more
Van Camp: Olive branches offered through new gaps in tariff wall
Critics see TPP as edge of wedge for U.S. milk
A U.S. dairy sector economist is the latest observer to suggest Canada’s concessions in the Trans-Pacific Partnership may eventually lead to more imports of U.S. milk than Ottawa bargained for. Ag economist Andrew Novakovic of New York’s Cornell University said in a release that the TPP, for U.S. producers, marks a major opportunity in Canada’s […] Read more
Clinton says she doesn’t support new TPP deal
Reuters — U.S. Democratic presidential candidate Hillary Clinton said Wednesday she does not support the 12-nation Trans-Pacific Partnership (TPP), rejecting a central tenet of President Barack Obama’s strategic pivot to Asia. Clinton said during a campaign swing in Iowa that she is worried about currency manipulation not being part of the agreement and that “pharmaceutical […] Read more
Saputo buys goat cheesemaker Woolwich Dairy
Canada’s biggest cheesemaker is expanding its reach in the goat dairy market with a friendly all-cash takeover of Ontario goat cheese firm Woolwich Dairy. Montreal-based Saputo announced Monday it has paid $80 million for the family-owned cheesemaking company, including its three plants and distribution centre. Based at Orangeville, north of Guelph, Woolwich has operated since […] Read more
Historic TPP deal faces skeptics in U.S. Congress
Atlanta | Reuters –– Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 per cent of the world’s economy in a deal that faces skepticism from U.S. lawmakers. The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change […] Read more
VanRaes: TPP deal seen shrinking supply-managed markets
CORRECTION, Oct. 7: Canada’s supply managed sectors can expect to lose $4.3 billion to foreign interests in the 15 years following the implementation of the Trans-Pacific Partnership. After years of negotiations, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam reached an agreement Monday morning, which includes granting access […] Read more
Market access, income supports come with Trans-Pacific pact
Canada’s federal government has pledged a suite of compensation programs for supply-managed dairy, poultry and egg sectors, against what it promises will be a mousehole in Canada’s tariff wall. Federal officials on Monday confirmed negotiations have concluded on the multilateral Trans-Pacific Partnership, now billed as “the largest, most ambitious free trade initiative in history.” The […] Read more
Election shifts attention to trade deal as race narrows
Ottawa | Reuters –– Trailing in second place with two weeks left before Canada’s election, Conservative Prime Minister Stephen Harper announced a new trade deal Monday that largely protects the key agricultural voting bloc, putting pressure on opponents who had hoped to have more to attack. Harper touted the Trans-Pacific Partnership as a good deal […] Read more
Canada says TPP offers limited access to dairy market
Ottawa | Reuters — Canada said on Monday that a major trade deal agreed by 12 Pacific nations would only allow limited access to protected Canadian domestic dairy and poultry markets, a politically sensitive issue ahead of the Oct. 19 election. Officials said the Trans-Pacific Partnership (TPP) would offer up just 3.25 per cent of […] Read more
After five years of negotiations, TPP talks near deal
Atlanta | Reuters — A dozen Pacific nations closed in on a sweeping free trade pact on Sunday in Atlanta after a breakthrough over how long a monopoly pharmaceutical companies should be given on new biotech drugs. The issue has pitted the U.S., which has argued for longer protections, against Australia and five other delegations […] Read more
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