Along with key gains in the USMCA, Canada's unions raise concern
- Author: Zachary Reyes Oct 04, 2018,
Oct 04, 2018, 23:01
"The recent announcement regarding the United States-Mexico-Canada Agreement is positive news for NY farmers".
He emphasized the need for the agricultural sector to be compensated and his economic development minister expressed frustration the federal government hadn't provided more details on the issue.
"That will now make it very, very hard for us to meet all the market requirements for the Canadian market".
In a joint statement Sunday night, U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland said "USMCA will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region".
In the treaty Canada agreed to end it's Class 7 milk price, a category that allowed Canadian producers to sell certain milk ingredients below the price charged by USA producers. The profound impact of tariffs on cars made in Southern Ontario would devastate the industry and come close to impoverishing places like Oshawa, Whitby and Oakville. "Long term, we'll be producing less milk because those dairy products will be filled by American products".
The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing the three-country, $1.2 trillion open-trade zone that had been about to collapse after almost a quarter-century.
"My point of view is I'd rather not have a compensation package and keep the market". "You saw yesterday that auto part companies, all their shares went up as they saw a greater sense of optimism". "There were no positives for the dairy farmers".
"Canada and Mexico are both important trading partners for NY farmers, and NYFB will continue to monitor the timely signage and implementation of the Agreement".
"We try to operate domestically, but our quota is based on the domestic market", Sherk said. He is also still concerned about the remaining steel and aluminum tariffs.
The Liberal government will dole out what is likely to be billions of dollars in compensation for dairy farmers, following a new continental trade deal that critics say only further restricts industry's ability to compete in the global market.
Wisconsin Farm Bureau Federation President Jim Holte says the agreement is welcomed "with opened arms".
"I think the producers feel like they've been beat up pretty bad", Mussell said.
Ontario Premier Doug Ford said that while he was cautiously optimistic about the implications of the new deal for Ontario and that it could create new opportunities, he felt that Ontario's dairy farmers were "thrown under the bus" in the new deal.
The MITC says a year ago 45% of ME exports went to Canada. That may not seem like a lot, but we've done the same thing in the last 3 trade agreements we've signed, so the total is over 10 percent. "In the U.S.it's in the thousands". Canada's volumes now amount to 70,000 tonnes annually, Mussell said.
"Let's take a look at what we have here and how can we work together to support each other", he said.