Close X
Monday, December 23, 2024
ADVT 
National

Indo-Pacific strategy 'good news' for farmers

Darpan News Desk The Canadian Press, 29 Nov, 2022 10:59 AM
  • Indo-Pacific strategy 'good news' for farmers

OTTAWA - Agriculture commodity groups are applauding the Liberal government’s long-awaited Indo-Pacific strategy and hoping it will lead to more, and better, free trade deals.

The strategy, announced Sunday in Vancouver, includes commitments to increase military spending and build closer ties with countries such as India.

Included in the $2.3-billion plan is a promise to earmark $244.1 million for improving trade between Canada and countries in the region.

While no specific targets or benchmarks are included in the strategy, and questions remain over how effectively the dollars will be spent, the heightened focus on the region is being celebrated by agriculture groups in Canada.

Todd Lewis, a Saskatchewan-based farmer and a vice-president of the Canadian Federation of Agriculture, says it is "good news for Canadian agriculture."

"It is another signal that the government of Canada is serious about trying to establish both trade deals as well as trade relationships," he said. "It is something that we hope will grow and continue to be successful."

Canada’s Indo-Pacific strategy seeks new trading relationships, as well as the expansion of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, by adding new members.

The pact, which already includes heavyweights such as Australia, Japan and Mexico, entered into force four years ago. The United Kingdom, the Philippines, Indonesia, Taiwan and China have applied for membership.

Leif Carlson, director of market intelligence and trade policy for Cereals Canada, said the Indo-Pacific strategy should be viewed through a long-term lens as a way to deepen those trade relationships.

"I hope that the Indo-Pacific strategy is going to be complementary to the CPTPP," he said.

Some agricultural producers say the deal has not lived up to expectations and its implementation has been slow.

"Some of these trade deals aren't maybe what they thought they would be, or what we hoped they would be, and a little bit slow getting off the ground," said Lewis.

Jim Everson, president of the Canola Council of Canada, said he hopes the strategy "builds on the CPTPP" and adds momentum to a prospective deal with the Association of Southeast Asian Nations, known as ASEAN.

Canada has been trying to strike a trade deal with ASEAN, a bloc of 10 countries in Southeast Asia, since 2017.

After a public consultation on a potential deal in 2018, the two parties agreed to proceed with negotiations in 2021, with Prime Minister Justin Trudeau announcing funding to help ASEAN nations take part in trade-deal negotiations at a summit held by the bloc earlier this month.

Canada has also moved toward negotiating more bilateral deals in the region, including with India and ASEAN member Indonesia.

MORE National ARTICLES

More health investment needs results: Trudeau

More health investment needs results: Trudeau
The meetings in Vancouver are the first time all of Canada's health ministers have gathered in person since 2018. The premiers met in July, when they asked the federal government to increase health transfers to 35 per cent, up from what they said was 22 per cent funding.  

More health investment needs results: Trudeau

Wind, snow hit parts of B.C. for another day

Wind, snow hit parts of B.C. for another day
Strong winds continue to buffet parts of coastal B.C. and the central Interior, packing gusts of at least 110 kilometres per hour along the north and central coasts, pushing wind chill factors in Terrace and elsewhere to -20 or lower.

Wind, snow hit parts of B.C. for another day

Relentless toll for overdose deaths: BC Coroner

Relentless toll for overdose deaths: BC Coroner
The service says 171 people died of toxic drugs in September, bringing the total for the year to 1,644, the largest number ever recorded for the first nine months of a calendar year.

Relentless toll for overdose deaths: BC Coroner

Immigrants successful at finding jobs in Canada: Survey

Immigrants successful at finding jobs in Canada: Survey
Immigrants who arrived in Canada over the past five years had an employment rate of 70.7 per cent, a higher rate than October 2019, pre-pandemic, the Labour Force Survey data 2022 released by Statistics Canada said.

Immigrants successful at finding jobs in Canada: Survey

Health ministers meeting in B.C. this week

Health ministers meeting in B.C. this week
The meeting comes after Canada's premiers met in Victoria last July, where they asked Ottawa to boost the Canada Health Transfer, the money each jurisdiction gets for health care, to 35 per cent, up from what they said amounts to 22 per cent.

Health ministers meeting in B.C. this week

Playland invests $9M in Canada's fastest new roller coaster

Playland invests $9M in Canada's fastest new roller coaster
The new linear synchronous motor (LSM) launch coaster will occupy the previous location of the retired Corkscrew Coaster, and construction will begin in 2023 with opening targeted for 2024. This is the largest single attraction investment made by Playland and signals a bright future for Playland.

Playland invests $9M in Canada's fastest new roller coaster