Canada farm sales to Japan rise

As reported in a January 11 article in The Asahi Shimbun, the Comprehensive and Progressive Trans-Pacific Partnership is drawing attention among Canadian farm producers. In particular, they see the greatest benefits in reduced Japanese tariffs for beef, pork, wheat and canola oil. For example, under the terms of the CPTPP, Japan — which is the world’s third-largest beef importer and Canada’s second-largest beef market — has lowered its 38.5 per cent tariff on beef to 27 per cent, and there will be further reductions in the years to come. Sales of Canadian wheat are expected to double over the next nine years, and one Canadian canola oil producer shipped a record amount to Japan in December.

Related Content