Wednesday, 23 October, 2019

Dairy farmers slag new trade deal

Justin Trudeau speaks during a news conference at U.N. headquarters during the General Assembly of the United Nations in New York Premier Promises To Protect Province's Economy Under USMCA
Patty Aguilar | 04 October, 2018, 19:27

"It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduces Trade Barriers to the US and will bring all three Great Nations together in competition with the rest of the world".

The agreement hammered out late Sunday between the United States and Canada, following an earlier U.S. -Mexico deal, replaces the 24-year-old North American Free Trade Agreement, which tore down trade barriers between the three countries.

"One of the largest things is just having certainty now in terms of what the trading relationship is, and what the business environment is going to be going forward". While its courting of Japan and the European Union would certainly hold more sway in Beijing, getting its own North American partners pulling in the same direction can't hurt.

Expressing his views via Twitter, trade negotiator for Mexico's incoming president, Jesus Seade wrote, "We celebrate a trilateral deal".

That's higher than the 3.25 per cent conceded by Canada under the Trans-Pacific Partnership, or TPP, a trade deal with Pacific Rim countries from which the USA withdrew.

"The threat of capricious auto tariffs has been lifted, stabilizing future investment" said Dias in a statement.

After 14 months of tough negotiations, the prime minister framed this agreement as a victory.

Its president, Phil Lampron, said: "The announced concessions on dairy in the new USMCA deal demonstrates once again that the Canadian government is willing to sacrifice our domestic dairy production when it comes time to make a deal".

The United Steelworker's Canadian branch president Ken Neuman, however, called the deal a "sellout" for failing to eliminate 25 per cent steel and 10 per cent aluminum tariffs imposed in June by the Trump administration. Marie - didn't get the good news they were looking for this week either.

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Bickford said dairy in ME is a $500 million per year industry.

Dairy farmers believe the new deal will undercut the industry by limiting exports and opening up the market to more American products.

"Canadian consumers like our product", said de Jong. "There's no doubt about that".

Some of the general areas of disagreement were supply management, auto exports and dispute resolution mechanisms. "Now more than ever, Canada needs a universal, single-payer prescription drug program to cancel out the impact of mounting costs on Canadian families", said Yussuff.

After the deal was signed, Canadian Prime Minister Justin Trudeau told reporters: "It's a good day for Canada".

"I want to be very specific", Trump said during a 75-minute celebration of the trade agreement in the Rose Garden.

The change makes US products more competitive in Canada because they will be subject to less tax at the border - and delivers savings to Canadians who shop online.

"It's dark days for the dairy industry", said Hargreaves.

"At a minimum we haven't lost any ground. The new deal represents a significant modernization of the 1994 deal". "They're happy but not delighted", said Doug Porter, chief economist at the Bank of Montreal. In doing so, they took advantage of each country's strengths - cheap labor in Mexico, and skilled workers and proximity to customers in the United States and Canada. What happens if Mexico or Canada want to use the macroeconomic committee to insist that USA government officials stop talking down their currency (as they are prone to do on occasion), or to demand to see a plan for reining in the massive US deficit? Dekker believes that means it is not truly a free-trade deal.

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