Ottawa officials unfazed by Wash.–Tokyo trade deal

Canadian agriculture officials are unconcerned by the new U.S.–Japan trade pact, according to an article published in The Western Producer on October 3. The new deal contains similar language as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) regarding tariff reduction. Since the CPTPP was ratified, Canadian beef sales to Japan have risen 60 per cent over the previous year due to reduced tariffs, and industry observers don’t believe a new U.S.–Japan pact will adversely affect the market. Canadian wheat sales, however, did not rise despite the CPTPP, as many Japanese millers are reluctant to change their U.S. wheat-based formulas. However, Cam Dahl, president of Cereals Canada, believes that Japan will still continue to buy Canadian wheat even after the U.S.–Japan pact goes into effect.

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