President Says USMCA is Victory for Farmers

Premier Promises To Protect Province's Economy Under USMCA

Premier Promises To Protect Province's Economy Under USMCA

He also counselled members not to panic, adding things wouldn't change overnight for the dairy industry.

The terms reached between the USA and Mexico on higher wage thresholds will also be positive for Canadian producers, said Unifor president Jerry Dias, who welcomed the deal.

"It's a win-win for the Americans", she said.

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

Much of a dairy farm's value is in milk quota, which is basically a proxy for one cow. In the last week or so you have seen deals put in place or agreements put in place that preserve zero tariff access to three of US pork's top five export markets, so a bit of a momentum shift and that's really good news for USA pork producers.

"We've seen California farmers, ranchers and agricultural marketers lose sales because of the retaliatory tariffs from Canada, Mexico and in particular from China", he said.

The Dairy Farmers of Canada denounced the U.S. -Mexico-Canada agreement, warning that the concessions, which give U.S. farmers an additional 3.59 percent slice of the Canadian dairy market, "will have a dramatic impact not only for dairy farmers but for the whole sector". "There's no doubt about that".

Supply management as we know it has been around since the 1970s.

"How we can ensure not just that they're OK, but that they continue to have confidence in the future of the dairy sector in Canada". He said Canada produces milk to supply the domestic market and uses the supply management system to balance it and to make sure there is the proper amount of milk that is produced for Canadian consumption.

"It's a tough one", he said.

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But Wednesday's speech seemed to have gone down well among the party faithful. Of course, her speech yesterday could not answer every question.

"At a minimum we haven't lost any ground".

Both Freeland and Trudeau said it's important to remember that when the negotiations began over a year ago the US aim was to dismantle supply management entirely, and Canada did not let that happen.

American Farm Bureau Federation (AFBF) president Zippy Duvall says the USMCA includes "new provisions to provide science-based trading standards, timely review of products produced through biotechnology and gene editing and new provisions on geographic indications".

"The markets are reacting positively and with relief but they're certainly not euphoric by any means".

Besides, the US Chamber of Commerce had also said that it would be "unacceptable to sideline Canada, our largest export market in the world".

But Mr. Mussell said it is not clear what would happen to quota values, noting much of the value can not be realized, and it does not trade freely. He said he was "amazed" at the announcement of the deal.

Collins added: "President Trump is fulfilling his campaign promises and Republicans in Congress are eager to keep working with the White House to Make America Great Again".

The lifted uncertainty could be enough to prompt more business investment, said RBC senior economist Nathan Janzen in a note.

For example, under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership - with 10 countries including Mexico, Japan and Australia - dairy farmers ceded 3.25 per cent of the market.

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