Monday, August 26, 2019

Canada loses trade edge to Japan

Canada has lost its trading edge over the U.S. in beef and pork exports to Japan.

That’s because the U.S. and Japan have an agreement in principle to allow trade on the same terms and the Trans-Pacific Partnership deal.

U.S. President Donald Trump pulled the U.S. out of the TPP soon after he was elected president.

Both organizations representing beef and pork producers in the U.S. hailed the agreement for “levelling the playing field”.