REPORT: Canada ready to deal on dairy, but it may not be enough

BY KAT SHEPHERD / SEPTEMBER 11, 2018 /

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As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by REUTERS.COM:

OTTAWA/WASHINGTON (Reuters) – Canada is ready to offer the United States limited access to the Canadian dairy market as a concession in negotiations to rework the North American Free Trade Agreement, two Canadian sources with direct knowledge of Ottawa’s negotiating strategy said on Tuesday.

U.S. President Donald Trump said at the White House that trade talks with Canada were going well and that Ottawa wants to make a deal. Chrystia Freeland, Canada’s foreign minister, returned to Washington on Tuesday for talks with U.S. Trade Representative Robert Lighthizer.

The article goes on to state the following:

Canada’s protected dairy industry is one of three sticking points in NAFTA talks between the two countries, along with a system for settling trade disputes and cultural protections for Canadian media firms.

Canada’s politically powerful dairy farmers are likely to resist changes to the price controls and high tariffs that protect them from foreign competition. But as an Oct. 1 deadline to renegotiate NAFTA looms, Canada is prepared to offer similar concessions on the dairy industry to those that it agreed to in free trade deals with the European Union and Pacific Rim nations, the sources said.

“I think we understand there are certain issues on which we will need to compromise,” one of the sources said when asked about increased dairy access for the U.S. industry.

DML News offers the following information published by CBC.CA:

Many argue that Canada has already made concessions in the sector to secure other trade agreements like the Trans-Pacific Partnership (TPP), and the dairy industry is a relatively small part of the economy.

But even if Canada does give in to U.S. President Donald Trump’s repeated attacks on the country’s tariffs on dairy imports and its supply management system, some economists south of the border say it will not be enough to seal a new trade deal.

The article goes on to state the following:

“Even Canadian concessions on dairy may not be enough to make the U.S. keep the current dispute resolutions,” said Carlos Capistran and Mingzi Yi, economists at Bank of America Merrill Lynch, in a note.

“Our baseline is that Canada will join the U.S.-Mexico agreement, making concessions on dairy, but that it likely will have to make some concession on dispute resolution as well.”

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