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Tuesday, March 3, 2020

OFA Director Says 3-Country Trade Pact Will Benefit Some Huron County Farmers

Huron County | by Fadi Didi  

Official with OFA says supply-managed sectors will face tougher markets, when CUSMA is approved by Ottawa.

A Director with the Ontario Federation of Agriculture says an updated North American trade agreement will benefit some farmers in Huron County, but not others.

The updated three-country trade pact (Canada United States Mexico Agreement, or CUSMA), remains in parliament, as the minority Liberals hope to unite with opposition parties for the bill's approval.

Brent Royce of the OFA says supply managed sectors -- which include producers of dairy, eggs, and poultry -- will be negatively affected by the updated trade deal.

Royce tells Country 104.9 News all other parts of the agriculture industry should benefit from more market access to the U-S and Mexico.

The updated trade pact was prompted by U-S President Donald Trump, who decided on an America-first approach to global trade.

That approach by Trump prompted tariffs on Canadian softwood lumber and steel, along with fierce negotiations by North American diplomats.

Although the increase in market access may not be dramatic, Royce says commodities, hog, and other non-supply managed markets will see some improvement under CUSMA.

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