The advent of a global pandemic certainly added volume to the narrative that local equals resilient when it comes to economies, especially food-related economic systems. But Jayson Lusk, food and agricultural economist at Purdue University, says that evidence suggests otherwise, and that a vibrant trade economy actually adds resiliency to local economies. To demonstrate his point,… Read More
Canada’s economy is recovering during the prolonged impacts of the COVID-19 pandemic, albeit slowly. Ted Mallett, director of economic forecasting with the Conference Board of Canada, points to several positive signs and circumstances to the recovery. For one, the economy has grown this year, about five per cent, however there is ground to make up,… Read More
There are no indications China will be lifting restrictions on Canadian canola imports as a direct response to the exchange of Huawei executive Meng Wanzhou for Canadians’ Michael Spavor and Michael Kovrig, according to the president of the Canola Council of Canada. The two Michaels returned to Canada on Friday following a deal negotiated by… Read More
China has formally requested to join the trade deal that was originally intended to limit China’s influence in the global economy. Canada and 10 other Pacific Rim countries signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — the CPTPP — in 2018. On Thursday, Chinese Commerce Minister Wang Wentao submitted China’s application to join… Read More
Trade is so critical to the health of the Canadian economy. With vast natural resources, millions of acres of farmland, and a growing technology sector, Canada is open for business in the global trade arena. But are we really up to the opportunity in front of us as a nation? Some believe that change is… Read More
By Bill Greuel Canada needs to stop being comfortable. That’s a bold statement, but one I believe to be true if we are going to reach the ambitious targets our agrifood sector aspires to. We often talk about Canada taking our place atop the podium as the most reliable and preferred supplier of safe, nutritious… Read More
India has lowered its tariff on Canadian lentils to 11 per cent, down from the 33 per cent levied against the crop about a year ago. The new tariff rate applies to all lentils, except those from the U.S., which will face a 22 per cent levy. Mac Ross, director of market access and trade… Read More
The dispute between Canada and the U.S. over the allocation of dairy tariff rate quotas under the new North American trade deal took a step toward resolution this week, as the members of the three-person dispute panel that will issue a ruling on the U.S. complaint were announced. Elbio Oscar Roselli Frieri will chair the… Read More
The Canadian government is planning to file another request for the World Trade Organization to establish a dispute settlement panel to look at China’s restrictions on Canadian canola seed imports. China used a procedural tactic to block Canada’s initial appeal for a dispute panel at the WTO Dispute Settlement Body’s monthly meeting on Monday (June… Read More
The alliance representing Canada’s export-oriented agriculture sectors is welcoming a decision by countries in the CPTPP to formally begin negotiations to have the United Kingdom join the trade agreement formerly known as the Trans-Pacific Partnership. In a virtual meeting hosted by Japan on Tuesday, Canada’s trade minister, Mary Ng, and her counterparts from the other… Read More
The United States has requested and established a dispute settlement panel to review measures regarding Canada’s administration of its dairy tariff rate quota (TRQs) policies, under the new trade agreement USMCA/CUSMA. The U.S. is challenging Canada’s allocation of dairy TRQs — specifically the set-aside of a percentage of each dairy TRQ exclusively for Canadian processors…. Read More
Canadian National Railway (CN Rail) appears to have come from behind and taken the lead in the race with Canadian Pacific Railway (CP Rail) to merge with Kansas City Southern to form the first rail freight network to link Canada, the U.S., and Mexico. CN announced Thursday that it has revised its offer to merge… Read More
The Governor of Michigan has eastern Canadians wondering how they became so dependent on a pipeline coming from the U.S., as Governor Gretchen Whitmer is determined to have Enbridge cap Line 5 which would starve Ontario and Quebec of 50 per cent of their energy supply. The Canadian government has taken court action this week,… Read More
It has been a trying year for the pork industry in Canada, but that’s not to say it’s been entirely negative. The COVID-19 pandemic hit the industry very hard at the outset, and has continued to be a challenge at the farm, processing, and trade levels. However, demand has been strong throughout the pandemic, and… Read More
As a farmer or rancher, how do you feel about trade with China? China has proposed a new five-year plan title “Insights for Western Canadian Trade.” Our guests today, both from Canada West Foundation, are Carlo Dade and Sharon Sun. They join our host Shaun Haney to talk about everything trade-related with China. RealAg LIVE!… Read More