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Tag Archives international trade — page 8

Poultry compensation will pay for market development over 10 years.
News

Dairy compensation coming quicker than expected

Poultry sectors finally get 10-year compensation plan

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Glacier FarmMedia – Canadian producers in supply-managed sectors received details of federal government plans to compensate them for recently signed trade deals and the money is coming sooner than later. Why it matters: Supply-managed sectors were forced to permit access to some previously protected markets during negotiations for international trade deals. In exchange, producers in […] Read more
Most of Canada’s agri-food exports to China are bulk commodities like canola, wheat and pork. Those are easy to block and have few Chinese defenders, since they are easily swapped out for other exporters’ products.
News

Specialized trade policies advised for Canada

Report says Canada needs one approach for the U.S. and China and another for rules-based trading nations

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Glacier FarmMedia – Canada should adopt separate strategies to deal with trade issues involving the United States and China, and a third approach for more rules-based trading nations, says a new report by Agri-Food Economic Systems. Why it matters: The U.S. and China have focused on their relationship with each other and that means challenges […] Read more
Cherilyn Jolly-Nagel. (GGC video screengrab)
Crops, Markets

Grain Growers of Canada lobby Parliament Hill

Agriculture can help restart Canada's economy and the federal government help by addressing some issues, group says

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Agriculture can help revitalize Canada’s post-COVID economy, but the federal government should clear the track for it. That means updating regulations to encourage technological innovation, improving market access for agricultural exports and recognizing farm practices that help the environment, Grain Growers of Canada (GGC) says. The organization, which represents 15 regional, provincial and national grain […] Read more
There is a growing feeling that trade is not as important as it once was to America’s economic future.
News

Anti-trade sentiment grips the United States

U.S. is undermining the World Trade Organization amid domestic pressure to lower trade

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Glacier FarmMedia – Blake Hurst senses shifting trade winds in the United States, and he doesn’t like the direction they are blowing. “Agriculture faces some real dangers from a change in our opinion and our approach to trade,” said the president of the Missouri Farm Bureau. Why it matters: Changing global trade patterns render markets […] Read more
Grain shipments have continued to move around the world during the pandemic.
News

Trade moves influenced by COVID-19 around world

The WTO found more changes were made by G20 countries to facilitate than restrict trade

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Glacier FarmMedia – The impact of COVID-19’s second wave is continuing to cause uncertainty in global trade markets, but more markets are opening than closing. According to the World Trade Organization, between October 2019 and May 2020, G20 economies implemented 154 new trade or related measures, finding 95 to be trade-facilitating and 59 as trade-restrictive. […] Read more
During a Sept. 25 virtual appearance at Politico’s Agriculture and Food Summit, Marie-Claude Bibeau, Canada’s agriculture minister, said she would like Canada to benefit from CETA “which is not the case yet.”
News

Industry, government play role in fixing CETA: Bibeau

Ag minister reminds European buyers about high quality Canadian food

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Glacier FarmMedia – Federal Minister of Agriculture and Agri-Food Marie-Claude Bibeau says industry and government have a shared responsibility to fix a trade deal that hasn’t brought strong results for Canadian producers. Expected to generate $1.5 billion in new agri-food exports, the Comprehensive Economic and Trade Agreement (CETA) with the European Union has fallen short […] Read more
A Canadian trade deal with ASEAN, the Association of South East Asian Nations trading bloc, could increase the domestic economy.
News

Canada urged to strike trade deal with ASEAN

‘Middle power’ countries encouraged to double down on free trade promotion and the international rules-based order

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Glacier FarmMedia – As the world talks about trying to build back better and the post-COVID world, Canada should get in front by making a free trade deal with Southeast Asia. Why it matters: Canada must seek trade agreements with like-minded nations to help offset protectionist sentiments in key markets such as the United States, […] Read more
The past decade has seen Canadian dairy production increase nearly two per cent each year.
Livestock, News

Can Canadian dairy outgrow trade deal effects?

At current rates of growth, yes, but it could take six years

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Dairy farmers will continue to watch the effects of three trade deals roll out over the next six or more years and the future growth of the sector will depend on whether or not the sector continues its past growth pattern. The most recent is the Canada-U.S. Mexico Agreement (CUSMA) that replaced the NAFTA deal. […] Read more
There are signs that the soybean price could continue to stay strong through harvest, with Chinese demand.
Markets, Markets/Business

Recent rallies create opportunities for pricing corn and soy

There will be more pressure on corn price heading into harvest

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Statistics Canada released its second yield estimates for the 2020 crop using a model-based procedure. Winter wheat yields were lower than the previous estimate but higher than last year. Corn and soybean yields were both up from the previous estimates and above last year. Private trade and industry trade estimates are above those of Statistics […] Read more
Canadian farmers can still count on the global market, despite threats to access that they have faced recently in various parts of the world.
Markets

Comment: Battered markets are more resilient than they might seem

Trade and food demand still find a way despite political challenges

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China knows how to stick it to Canadian farmers. The Europeans know how to keep out Canadian farm products, but they do it with more subtlety and grace. With the United States, who knows what Donald Trump or Joe Biden will do with North American free trade in the next four years? It’s hard to […] Read more

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