Canadian Agri-Food Trade Alliance (CAFTA) welcomes the beginning of provisional
application of the historic Comprehensive Economic and Trade Agreement (CETA)
with the European Union (EU) and looks forward to timely resolution of
CAFTA representatives attended a celebration of the agreement held by the
Honourable François-Philippe Champagne, Minister of International Trade.
we urge the government to resolve the outstanding issues, we are also
encouraged that Canada is forging ahead with its commitment to freer trade with
the world’s second largest economy,” said Brian Innes, CAFTA president.
“Eventually, CETA will mean preferential access for Canadian agri-food to an
$18 trillion market that includes 500 million people.”
potential for Canada making greater trade inroads in EU markets is huge. Canada
exported $3.5 billion in agriculture and food products to the EU in 2016 –
making it the country’s fourth largest export destination. When the CETA is
fully implemented, it will eliminate EU tariffs on almost 94 per cent of
Canada’s agri-food products.
the results won’t be immediate for some agri-food sectors, the agreement
presents the potential to drive additional exports of up to $1.5 billion per
year. This includes $600 million in beef, $400 million in pork, $100 million in
grains and oilseeds, $100 million in sugar containing products and a further
$300 million in processed foods, fruits and... (read more)