The response from much of Canada’s agriculture sector to the conclusion of the Trans-Pacific Partnership negotiations has been positive, as it appears to assures critical export market access for grains and oilseeds, beef and pork.
Supply-managed sectors still have some concerns, but most of their worst fears about the deal did not come true. While long-term revenue will be lost to more imports, $4.3 billion in compensation will help address the short-term impact.
It goes without saying that Agriculture Minister Gerry Ritz is pleased to see the deal done. He took some time to chat about the terms of the deal, the compensation (or “transitionatory package,” as he calls it) for the supply-managed sectors, the future of supply management and more:
The TPP deal must still be ratified be each participating government, which in Canada, will be up to whoever forms government after October 19th.
Related TPP news and opinions:
- TPP Result “A Best Case Scenario” Considering Context: Dairy Farmers of Canada President
- Chicken Farmers Welcome Tighter Border Controls, Disappointed with TPP Concessions
- A $4.3 Billion PR Problem
- TPP Deal Reached; $4.3 Billion Committed to Cover Concessions on Dairy & Poultry Imports
- Industry Reactions to the Signing of the Trans-Pacific Partnership
- Canola School: Understanding What the TPP Could Mean for Canola Growers
- TPP Participation is Critical for Maintaining Canadian Pork Exports