Trade with the U.S. provides a safe harbour during the pandemic
June 2, 2023
On the occasion of the U.K. joining the Comprehensive and Progressive Trans-Pacific Partnership(CPTPP), we’re looking at Canadian export performance in key trading blocs with whom we have agreements
by Martha Roberts – Farm Credit Canada (FCC)
The CPTPP welcomes Britain alongside 11 founding members, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, and Vietnam. It’s one of several multilateral agreements that allow Canadian exporters preferential access to major markets.
The Comprehensive Economic and Trade Agreement (CETA) with the European Union is the other major bloc selected here, and both are compared to our export performance over the last 10 years of trade with the U.S., China and the U.K.
“Diversification away from the U.S. is good risk management for Canada’s food sectors and individual businesses”
Posted in Industry