Sask. farm groups welcome Pacific Rim trade deal
Canada has become the sixth and deciding country to ratify a new Pacific Rim trade deal, and that’s very good news according to several groups representing Saskatchewan producers.
Saskatchewan Cattlemen’s Association (SCA) Chair Rick Toney said the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) represents many opportunities for cattle producers.
“The deal puts Canadian beef producers on even footing with our competitors like Australia. It will also provide preferential access for our beef products in markets like Japan over our U.S. competitors,” Toney said in statement.
The bill to enact the trade pact received Royal Assent by the Canadian Senate late last week. The massive trade pact won’t officially come into force until 60 days after six of the members ratify the deal. As of Monday, Mexico, Japan, Singapore, New Zealand, Australia and Canada signed on.