In this file:
· TPP deal reached despite Canadian clamour
· Canadian Meat Council Applauds Progress in Pacific Rim Trade Discussions
TPP deal reached despite Canadian clamour
By Oscar Rousseau, GlobalMeatNews
An agreement has been stuck by 11 countries to revive the Trans-Pacific Partnership (TPP) trade deal after US withdrawal earlier this year.
Meeting on the fringes of the Asia-Pacific Economic Cooperation (APEC) forum, remaining members of TPP agreed a framework for a rejigged trade deal, henceforth known by a new acronym: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
For meat, the agreement means increased market access, with food and agriculture set to be big winners in a deal that will cut 95% of trade tariffs for countries signed up to CPTPP.
Sam McIvor, chief executive of Beef + Lamb New Zealand, said: “This deal simultaneously opens up multiple markets in Japan, Mexico, Peru and Canada and puts us on a level playing field with other major red meat exporters in the Asia-Pacific region, such as Australia and the European Union.
“Over 90 percent of New Zealand’s sheepmeat and 80 percent of our beef production is exported. These exports support around 60,000 jobs on farms and in processing companies, and a further 20,000 jobs in supplying sectors.”
While New Zealand’s meat trade advocates welcomed the deal, Canada caused a stir when Prime Minister Justin Trudeau reportedly failed to turn up to the meeting.
Government will not ‘rush’ into deal
In response, Canadian Meat Council warned that the country could lose hundreds of millions of dollars in trade revenue which could “spell disaster” for meatpackers and processors...
Canadian Meat Council Applauds Progress in Pacific Rim Trade Discussions
Marcus Mattinson - Canadian Meat Council
Farmscape for November 13, 2017
The Canadian Meat Council is applauding progress in efforts to reach a new 11 nation Trans-Pacific Partnership free trade agreement.
Representatives of 11 of the 12 original Trans-Pacific Partnership member nations have been working to salvage an agreement since the United States withdrew in January.
Negotiators were unable to reach an agreement in principle last week when they gathered in Vietnam for the Asia-Pacific Economic Cooperation summit but they did made significant progress.
Marcus Mattinson, the Communications Manager with the Canadian Meat Council, says the Pacific market is very significant for Canada's red meat industry.
Clip-Marcus Mattinson-Canadian Meat Council:
We're obviously very happy that it's been reported that TPP partners have reached an agreement on the core elements of the Pacific trade deal.
This is obviously very positive for Canada's meat industry.
When we are talking about that market from Canada's perspective, we're talking about over 1.7 billion dollars of meat exports and that accounts for about 28 percent of Canada's total global meat exports.
It's a huge market for Canada and we can't afford not to pursue that market and we also can't afford to give up a competitive advantage against other nations and other trading blocks who are also competing for this new market.
The key here is timing.
We don't want to lose competitive advantage against other trading markets.
Namely, the EU would be one example.
We want to make sure that this deal is done as soon as possible.
That way we can start trading.
We can get to work and we can offer our products to this emerging market.