The U.S. International Trade Commission expects U.S. dairy exports to Canada to rise by $227 million a year while imports of Canadian dairy products will increase by $162 million
An analysis by the United States International Trade Commission suggests the U.S.-Mexico-Canada Trade Agreement will have little impact on agricultural trade. The 379-page report concludes that once fully implemented the provisions of the proposed trade pact will increase U.S. agriculture exports by 1.1 percent while imports will rise 1.3 percent. The main impact will be […] Read moreTag Archives Trade — page 3
ICE canola futures slip, soybeans plunge to near-8 month low on Trump tariff threat to China
(Reuters) – ICE canola futures lost ground on Monday, dragged lower by soy weakness after U.S. President Trump threatened bigger tariffs against China. * Statistics Canada is expected on Tuesday to estimate total Canadian canola stocks as of March 31, 2019 of 10.2 million tonnes, up 1.1 million tonnes from a year earlier. * July […] Read more
Food shocks threaten to disrupt global trade
An international study finds that crops and livestock are slightly more shock-prone than fisheries and aquaculture
Food shocks are happening more frequently around the world because of extreme weather and geopolitical crises. These shocks, which are described as the sudden loss of food production, pose challenges for the United Nations’ sustainable development goals because they can disrupt food supplies and harm food security and human well-being. An international study led by […] Read more
China’s canola pinch
A surprising amount of the void left by China’s exit from the Canadian canola market could be filled by other importers, according to a Canola Council of Canada official. Brian Innes, vice-president of public affairs with the council, said certain target markets could pick up “millions” of tonnes of additional demand in the wake of […] Read more
WTO rules in favour of U.S. on tariff dispute with China
WINNIPEG – The World Trade Organization (WTO) has ruled largely in favour of the United States in a trade dispute regarding China’s application of tariff-rate quotas (TRQ’s) for wheat, corn and rice. The ruling, issued by the WTO’s Dispute Settlement Body (DSB), stated China did not apply the TRQ’s on imports of wheat, rice and […] Read more
Countries rethink China’s road to the world
The Belt & Road Initiative is intended to enhance trade with Europe, Africa and Asia, but loss of control is recent worry
China’s $2 trillion version of globalization is encountering some resistance. In 2013, the country embarked on its costly Belt & Road Initiative (BRI), which is essentially a project designed to revitalize the ancient Silk Road and enhance trade with Europe, Asia and Africa. Chinese state-owned enterprises have already invested in more than 1,676 BRI projects […] Read more
Views differ on exports to China other than canola
WINNIPEG – Depending on whom one has spoken with, there are differing views as to grain exports to China other than canola. The federal government stated there have been no export issues outside of canola. “The current actions taken by China are limited to canola seed, and we have not received any indication of broader […] Read more
Canola oil shipments remain unaffected
Shipments of Canadian canola oil and canola meal are continuing to move to China, according to a senior canola industry official. Brian Innes, vice-president of public affairs at the Canola Council of Canada, said oil and meal sales to China have not been affected by a trade dispute that’s currently affecting canola seed exports. “Oil […] Read more
Ottawa urged to get political in canola tussle
Canada will continue to treat China’s restriction on Canadian canola imports as a scientific issue, even though testing shows no basis for the ban and a third Canadian company has been issued a notice of non-compliance. International Trade Minister Jim Carr told the House of Commons trade committee last week that the Canadian Food Inspection […] Read more
Inspection delays proposed in trade dispute
A former ambassador to China says Canada could send a message by slowing down inspections of imported goods
A former Canadian ambassador to China says Canada needs to retaliate against the ban on canola exports, but it has to be a measured response. David Mulroney, who was ambassador from 2009-12, used a hockey analogy to describe the situation. “Goalies don’t let people skate through the crease,” he said. “China is skating through the […] Read more
