New trade deal with U.S. now in effect

Canada’s beef producers will continue to enjoy the benefits of duty-free trade under the Canada, United States, Mexico Agreement, which came into force July 1.

“In the face of the economic hardships of COVID-19, it is timely and welcome that the new NAFTA enters into force, providing the continuation of economic stability for our rural communities food systems, and the broader North American economy,” said Alberta producer Bob Lowe, president of the Canadian Cattlemen’s Association.

In addition to preserving duty-free trade in live cattle and beef, the agreement maintains existing rules of origin and “vital dispute settlement provisions,” the CCA said.

Under NAFTA, Canadian beef exports to the U.S. grew 67 per cent in volume and 338 per cent in value from 1995 to 2019, it said.

Related Articles

About the author

Comments

explore

Stories from our other publications