TRADE STOPS HERE! HOW TRADE BARRIERS UNDERMINE CANADA’S INTERNATIONAL COMPETITIVENESS
Posted in: Economics, Pork Insight Articles by admin on May 11, 2017
In 2014, Canada exported $3.7 billion in pork products to 100 countries around the world. Over 90 percent of Canada’s pork exports are going to just ten countries, including the U.S., Japan, Russia, China and Mexico. Exports are now driving the growth in Canada’s domestic pork production. The Canadian hog industry has significant opportunities abroad, particularly in the wake of the many new trade agreements Canada has or is negotiating with major pork markets including the EU and Japan. However, Canada’s pork industry must have a solid and strategic understanding of international trade; including the mechanics and benefits of international trade deals and the perils and disruptive impact of trade barriers imposed by our major trading partners, in order to maintain its competitiveness in international markets.