TPP Benefit for Canola

[TOM4CWB]

Trans-Pacific Partnership Agreement Concluded: Canola Exports to Increase; Alberta to Benefit

(Edmonton, AB) October 5, 2015 - Today trade ministers from 12 Pacific countries announced the conclusion of the Trans-Pacific Partnership (TPP) agreement. The TPP will allow canola exports to grow substantially by eliminating tariffs and removing non-tariff barriers such as those related to biotechnology. This will allow the Alberta canola industry to export more, bringing more value to Canada.

“Exports are critical to the canola sector since more than 90% of our canola is exported as seed, oil, or meal,” says Ward Toma, General Manager of the Alberta Canola Producers Commission. “This agreement will elimate tariffs on canola oil and meal in key export markets such as Japan and Vietnam, enabling Canada to increase our export markets by more than $780 million once the TPP is fully implemented.

In 2014, more than $1.2 billion in canola seed was exported to Japan. As the tariffs are eliminated, the canola industry estimates that exports will shift increasingly to value added oil and meal, while maintaining the overall volume of canola that is exported.

“The more value our canola is generating overseas, the more value growers will get back right here in Alberta,” says Toma. “ Local rural and urban economies in Alberta and the entire canola value chain will see benefits.”

This agreement also includes commitments to prevent biotechnology related measures from being trade barriers; improves cooperation and transparency around the approval of new biotech traits, and prevents Low Level Presence of approved biotech traits from be used as a barrier.

Implementing the TPP agreement quickly is important for the canola sector as Australia currently has preferential access to ship canola oil to Japan through their bi-lateral free trade agreement. Once the TPP is fully implemented, Canadian canola will be on a level playing field with other oils into Japan.

For more information about the importance of trade to canola in Canada, please visit www.canolacountry.ca.

The Alberta Canola Producers Commission (ACPC) was the province’s first refundable check-off producer organization. The mandate of the ACPC is to increase the long term profitability of Alberta canola growers through research, consumer and producer education programs, and policy development.

For more information contact:
Ward Toma
General Manager
Alberta Canola Producers Commission
780.454.0844
ward.toma@albertacanola.com

[TOM4CWB]

DTN
PRAIRIE MARKET PROBE
Wed Oct 7, 2015 06:44 AM CDT

PRAIRIE MARKET PROBE 10/7

CANADA CONCLUDES FREE TRADE AGREEMENT WITH TRANS-PACIFIC PARTNERS
The Government of Canada Monday announced that the members of the Trans-
Pacific Partnership (TPP) have successfully concluded negotiations on a free
trade agreement that will benefit Canada's economy.
The TPP agreement will give Canada preferential access to dynamic and growing
Asia-Pacific markets. Tariffs and other barriers faced by a wide range of
Canadian products from various sectors will be cut; these sectors include
agriculture and agri-food, fish and seafood, forestry and value-added wood
products, metals and mining, and manufactured industrial goods.
The agreement will also provide improved access in areas such as financial,
professional, architectural and engineering, research and development,
environmental, construction and transportation services.
The Government of Canada also announced a new, comprehensive set of programs
and initiatives to benefit and support supply-managed producers and processors
throughout the implementation of the TPP. In the TPP, the government
successfully protected the three pillars of Canada's supply management system,
which will remain intact.
The TPP, for the first time in a Canadian free trade agreement, will have a
dedicated chapter with specific measures to assist small and medium-sized
enterprises (SMEs) to help them take full advantage of the opportunities this
agreement will create. This reflects the Government of Canada's commitment to
significantly increasing the number of Canadian SMEs exporting to emerging
markets.
The largest trading bloc in the world, the TPP will deepen Canada's trading
relationships with dynamic and fast-growing markets in the Asia-Pacific region,
as well as strengthen Canada's traditional partnerships in the Americas. The TPP
will strategically set the terms of trade in this important region. As a
founding member of the concluded TPP, Canada will have a deciding voice as
additional countries seek membership in the - open architecture - agreement.
This trade agreement bolsters Canada's strategic position in the global
economy. The TPP and trade agreements with the European Union and South Korea
make Canada the only G-7 nation with free trade access to the United States and
the Americas, Europe and the Asia-Pacific region.
- Trade is equivalent to more than 60% of Canada's annual gross domestic
product (GDP), with one in five Canadian jobs linked directly to exports.
- Twelve countries make up the TPP: Australia, Brunei, Canada, Chile, Japan,
Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.
- The TPP membership represents a market of nearly 800 million people and a
combined GDP of $28.5 trillion.
- 81% of Canada's total exports already go to TPP members.
- TPP countries include some of the fastest-growing economies in the world,
and this is expected to continue to be the case.
- Many of the TPP members are wealthy economies. The average per capita GDP
in TPP countries is nearly $35,000.
- The Asia-Pacific region is expected to represent two thirds of the world's
middle class by 2030 and one half of global GDP by 2050.
- Canada has concluded free trade agreements covering 51 nations.
- Canada's new free trade agreements with the European Union, South Korea and
TPP countries will give Canadian businesses preferential access to over 60% of
the world's economy and more than 1.3 billion consumers.

[wakopa]

Come on critics lets hear from u .

[farmaholic]

I haven't read the posts yet but WTF is wrong with a bit of critical analysis?

Pros and cons must never be considered when making decisions in some peoples lives. Or their ALWAYS "right"!

[newguy]

Would be interesting to know how many sales have been lost due to transportation problems.If we do not fix that part of our export system first all the extra sales out there means nothing if we can not deliver in a timely matter.

[farmaholic]

Interesting to note that at least the Libs say they are pro trade and will look at the deal and the Democrats are saying they won't be bound by a secretive Harper deal.

Fricken politics. Governing party says "black" opposition says "white"..... Why? Because they can't agree on anything the other party does, even if it did make sense.

Talk about a negitive, anti-co-operative, confrontational system.

[riders2010]

It's never been as bad as it is now but that starts with our leaders and how they portray themselves
Harper has been the most uncooperative secretive manipulating bully we ve seen.
I don't care if his policy is 100 times better for us which it isn't but which it is for corporate buddies. He has to go.

Trudeau has surprised me how he has handled this issue and many others.

Ironically he probably would be the best leader for the oil industry as well. He s coming across as someone you can talk to and listens to you. Harper could have had all these pipelines built if he would merely have talked to people including his own provincial leaders. But his bullying arrogant approach has left him really unapproachable even within his own country.

These trade deals all sound good but reality is the country with the best internal plan and system for developing your processing and manufacturing at the secondary level and a transportation system that can handle the growth will prosper with or without a few percentage of tarriffs off or on.

Out current Harper gov has the brain locked on selling raw resources only. The real money and prosperity is developing that resource here. He doesn't even talk about that at all.

None if these deals are true free trade deals as I see there still exist tarriffs and limited quantities etc. It's really a big hoop la rhat may be good today but tomorrow's conditions may lock you jnto to something not so good.

Countries that don't pay their people decent wages aren't going to afford to buy what you have anyway. So some
Of these deals are not going to mean much.

On an off topic what does Australia mean when they say they are guaranteed certain percentage of our beef imports? Do we have to buy from them up to a certain level? How is price determined when they are guaranteed quotas Why are we going to be importing australian beef? Or has that been misreported?

[FarmRanger]

Did you read any of that stuff posted above? Removal of tariffs on oil and meal mean more processing here in Canada..... the very "value added" that you wrongly say the government is against.

Don't you hate it when facts from reality don't match your fantasy world?

[wakopa]

Come on critics lets hear from u .