Farmers are applauding announcement of a new Trans-Pacific Partnership trade agreement.
Canola Council of Canada President Jim Everson, said farmers will benefit from lower tariffs in important Asian markets like Japan.
“There’s both good reasons for going ahead with this,” he said.
‘That is tariff removal that will allow us to be more competitive in some of those big markets, but also there is a concern with not going forward because other countries who have signed free-trade agreements with Japan will benefit from that unless Canada is able to do so, and of course we will do this TPP agreement,” Everson said.
The Stock Growers Association in Saskatchewan says beef exports could jump 200-million-dollars with the TPP agreement.
The U.S. pulled out of the deal last year, with the remaining 11 members expected to sign the agreement by early March.