Close X
Saturday, December 21, 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

Compliance expert praises B.C. asset seizure plan

Compliance expert praises B.C. asset seizure plan
Premier David Eby said on Sunday that legislation to allow unexplained wealth orders would be introduced next spring. Such orders were recommended in June in the final report of a commission of inquiry into money laundering in B.C. by retired judge Austin Cullen

Compliance expert praises B.C. asset seizure plan

B.C. Premier David Eby's housing bills move ahead

B.C. Premier David Eby's housing bills move ahead
The legislation aims to increase housing supply with measures that will end several rental restrictions and have the potential to force local governments to meet housing growth targets.

B.C. Premier David Eby's housing bills move ahead

Two at large after Coquitlam, B.C., robbery, chase

Two at large after Coquitlam, B.C., robbery, chase
A statement from Coquitlam RCMP says officers were called to an armed robbery at a car dealership in Port Coquitlam just before 4 p.m., Tuesday. Police say four suspects fled in a stolen vehicle and responding officers were involved in an exchange of gunfire before the stolen sedan crashed along Highway 1 in Coquitlam and the four fled.

Two at large after Coquitlam, B.C., robbery, chase

Stand alone ministry to tackle housing crisis, Premier Eby announces

Stand alone ministry to tackle housing crisis, Premier Eby announces
Premier Eby made the announcement on Tuesday, during a speech to about 1,400 attendees at the Housing Central Conference at the Sheraton Wall Centre Hotel in Vancouver. The minister of housing will be named when Premier Eby announces his cabinet on Dec. 7, 2022.

Stand alone ministry to tackle housing crisis, Premier Eby announces

18 year old dies after being stabbed in the parking lot of Tamanawis Secondary School: Surrey RCMP

18 year old dies after being stabbed in the parking lot of Tamanawis Secondary School: Surrey RCMP
The 18-year-old victim was transported to hospital, however despite all attempts to revive the individual he succumbed to his injuries. Police located and arrested one possible suspect.   

18 year old dies after being stabbed in the parking lot of Tamanawis Secondary School: Surrey RCMP

B.C. Opposition demands audit of housing providers

B.C. Opposition demands audit of housing providers
Liberal Leader Kevin Falcon says Eby must launch independent reviews at BC Housing and Atira Women's Resources Society after leaked reports indicated mismanagement.

B.C. Opposition demands audit of housing providers