TPP deal - mixed reactions in Canada
The prospect of a revised Trans-Pacific Partnership trade deal coming into force has been met with a mixed reaction from Canada's food industry. Earlier this week, it emerged the TPP agreement is set to proceed, a year after the US pulling out of the compact looked set to torpedo the deal.
Eleven countries, including Japan, Australia, New Zealand, Canada and Mexico, have agreed to a revised trade deal - to be known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP). The newly-forged accord follows two days of high-level talks in Tokyo. The partners are now expected to work towards signing the deal in Chile in March.
The Canadian government claimed the fresh deal was "great news for Canadian farmers and food processors". However, while the country's meat sector agreed, the agreement was criticised by Canada's meat and diary industry. Canada's meat industry talked up the opportunity for higher sales for its members. The Canadian Meat Council said it was "confident" the deal has "the potential" to increase beef and pork sales by "at least 500 million CAD.
"I can say with confidence that our industry is ready to get to work." Chris White, the council's president, said. "This gives Canada preferential access to other suppliers allowing our members to remain competitive in the Pacific market for sales of beef and pork".