New Agricultural Market Opportunities with CETA Provisional Application in Force

Exports represent about half of the value of what Canadian farmers and food processors produce. Budget 2017 commits the Government to ambitious agri-food export growth over the coming decade, while pursuing trade agreements with key global markets to help farmers grow their businesses and create good, well-paying jobs for Canadians.

With yesterday’s provisional application of the Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU), Canadian exporters now enjoy unprecedented duty-free access to the world’s largest import market for agriculture and agri-food.

Canadian industry estimates CETA will boost agriculture and agri-food exports by up to $1.5 billion annually. This historic Agreement will give the sector a competitive advantage in the EU and help Canada move towards meeting its target to grow agri-food exports to at least $75 billion annually by 2025.

Source: AAFC