Farms.com Home   News

CFA Happy To See CUSMA Ratified, Still Concerned About Supply Management

The Canada-United States-Mexico Agreement (CUSMA) was ratified last week.

Keith Currie is 1st Vice President with the Canadian Federation of Agriculture (CFA).

"A deal is better than no deal, however, we'll still working out how that's going to look for our supply managed system, with respect to any compensation for the loss that they negotiated away during this deal," he said. "By in large, for most of agriculture, it's going to be a positive. It's going to mean that our products are still going to flow back and forth between the three countries, that is a positive for us in agriculture because we are such large exporting nation."

Currie commented on the timing of the ratification.

"COVID-19 certainly is amplifying the need for agreements, no doubt, but I think just in general for trade, the U.S. is our largest trading partner. Getting this deal done to maintain that flow of goods and services, not only through all three countries, but in particular with the U.S., who we do the majority of our trade. I think it was just important to get the deal done."

Click here to see more...

Trending Video

Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.