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Pacific Trade Deal Spurs Canadian Farm Sales to Japan as U.S. Watches

Posted January 11, 2019

Under Economic Issues, International Trade Issues

(Rod Nickel – Reuters)

At the Canadian embassy in Tokyo last month, beef promoters flew in a chef from Canada to cook New York strip steaks for hungry Japanese importers and restaurant suppliers. [...]

CPTPP’s real prize, Canadian exporters say, are reduced Japanese tariffs for beef, pork, wheat and canola oil. Japan is the world’s third-largest beef importer and seventh-largest wheat buyer, often buying top-quality supplies to meet consumer demand for soft, white breads and beef raised on grain not grass.

For Canada, following a year of volatile relations with the United States and China, the deal offers a rare opportunity to seize market share from the United States, which withdrew from the pact after President Donald Trump took office. Click here to read more.