Trans-Pacific Partnership Entry Good News for Canola

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CANADA – The Canola Council of Canada welcomes the announcement today that Canada has entered into the Trans Pacific Partnership (TPP).

“The TPP presents a very good opportunity to open market access and develop predictable trade access in the Asia-Pacific region,” said Patti Miller, President of the Canola Council of Canada (CCC).

The TPP is a trade agreement being negotiated by 11 countries including Canada, Mexico, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam. Canada was accepted as a member of the TPP today by the participating countries.

“The TPP includes several countries with a strong interest in the efficient trade of canola and other agricultural products,” said Miller. “We are confident we can work with these partners to develop an ambitious agreement which supports a predictable, competitive environment for agriculture trade.”

The TPP is another positive step in the federal government’s ambitious trade strategy which includes negotiations with some of the largest economies in the world. For the canola sector, predictable and open trade is key to building jobs and growth in Canada’s agriculture industry.

The CCC is a full value chain organization representing the entire canola industry, including growers, seed developers, crushers and exporters. Canola is Canada’s most valuable crop, generating over $15.4 billion in economic activity each year and is responsible for 228,000 jobs.

TheCropSite News Desk

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