ibusinesslines.com December 16, 2018

Dairy farmers group say they're paying the price to seal trade deal

05 October 2018, 11:53 | Kelvin Horton

Dairy farmers group say they're paying the price to seal trade deal

Dairy farmers group say they're paying the price to seal trade deal

Canada, Mexico and the United States recently finalized a sweeping new trade deal after several months of tense negotiations. Even after some other trade adjustments, the deal is likely to equal less than 2 percent of total USA sales, according to the Wisconsin Farmers Union.

Pence said China has responded to Trump's tough trade policies against Beijing with tariffs of its own created to inflict maximum political damage.

"We have no interest in meddling in USA internal affairs and elections", Hua said.

Something in the new trade agreement that will have a big impact on dairy farmers in NY is the potential elimination of Canada's Class 7 dairy pricing program.

The newly minted U.S. -Mexico-Canada Trade Agreement, or USMCA, will grant an expanded 3.6% market access to the domestic dairy market and eliminate competitive dairy classes, which will shrink the Canadian industry, according to a statement by Dairy Famers of Canada.

Ontario's cross-border trade with the USA amounts to $389 billion a year, particularly as the primary trade partner with 19 states. Washington argues the Chinese economy is too distorted by state subsidies. China's strategic tariffs have been interpreted as an effort to support congressional opposition to Trump's trade policies.

But I think now that Canada has maintained and preserved its access to the United States as well as now having better access to the Pacific because of our membership in the Comprehensive and Progressive Trans-Pacific Partnership and to Europe through the Comprehensive Economic Trade Agreement that puts Canada in, I think, a quite enviable position.

Trump said last week he didn't like Canada's trade negotiator in an apparent reference to Freeland. The United States and Mexico would face the same obligations in similar talks. The deal has to be signed by the leaders of the three countries, go through Congress as well as Legislatures in Canada and Mexico. "This outcome will do deep harm to not only our farmers, but also the 220,000 Canadians that work in the industry".

The DFC is the national policy, lobbying and promotional organization representing Canada's farmers. Canada has successfully preserved key elements of the original North American Free Trade Agreement while building on it to expand opportunity and improve protections for workers across North America.

"China wants a different American president", Pence said.

The Ontario government accused the Trudeau government of jeopardizing Canada's sovereignty in the proposed USMCA.

"And now we find out they've given away more of the dairy industry", he said. "We fought to be a sovereign nation, not to give our rights to the Americans".

Losing that class is another potential market cut off, he said. "Nothing in this agreement would prevent Canada from deepening its trade ties with other countries". The system also limits imports by slapping tariffs on volumes beyond a certain level.

"It's not the time to make decisions while in a state of shock", Groleau said. We always knew from the outset that we weren't going to be making spectacular gains. Finance Minister Bill Morneau will hold preliminary trade and economic talks with senior Chinese officials in Beijing in November.

Meanwhile, U.S. grain and livestock producers were happy to see they will continue to enjoy tariff-free exports of grains and meat to Mexico and Canada.

The Trudeau government has to table legislation to implement the USMCA into Canadian law - a process that won't begin until next year and could be stalled in the Senate, said Todgham Cherniak, a Conservative Party supporter, who added that the issue could also drag into next October's federal election campaign.

Other News

Trending Now

About 37 Percent Of Americans Eat Fast Food Every Day
We do know that parents take their children, they say, because it's convenient, it's a good value, and their kids like the food. A new study has revealed something that shouldn't come as a shock to too many people - Americans love their fast food.

Trump trusted less than Putin, Xi, says new global study
Much of the world also considered China a rising global power, if not already the most important economic power already. In 22 of 25 countries polled, favorability toward the United States has declined since the end of the Obama presidency.

'Jersey Shore' star sentenced to 8 months in prison
Going by the nickname " The Situation ", Sorrentino was an arrogant charmer who liked to show off his chiseled torso. His brother, Marc Sorrentino , fared even worse, as he'll spend two years in prison and pay a fine of $75,000.

Sinclair hits out at 'poor statement' from Juventus over Ronaldo
My clear conscience will thereby allow me to await with tranquillity the results of any and all investigations. Cristiano Ronaldo is prepared to take on Udinese in Serie A on Saturday, according to Massimiliano Allegri .

Team Recognize Edelman's Presence, Makes Return To Practice Tues
It's hard to say, 'Hey, you go in there and you play Edelman and you run a route like he runs it.' I mean, that's hard to mimic. I think everyone's excited to have him back, and anytime you add great players, it's going to help what we're doing".

More than 250 people worldwide have died taking selfies since 2011
The researchers noted the high number of deaths in India was attributed to the large population of people aged under the 30. About 50% (106) of total selfie deaths occurred in 20-29 year age group followed by 36% deaths in 10-19 year age group.

Chelsea's Maurizo Sarri - I hope Alvaro Morata's goal can 'restart' season
He said: "I was anxious about the fact that we have conceded three goal opportunities to the opponents". At the moment we have Alvaro and Giroud.