Close X
Thursday, December 26, 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

B.C. to bring in new rules for mortgage brokers

B.C. to bring in new rules for mortgage brokers
Finance Minister Selina Robinson introduced the bill in the legislature on Tuesday, saying B.C. residents deserve better consumer protection and more transparency in the mortgage broking industry. One pending change is increasing fines to a maximum of $500,000 for those caught breaking the rules, while those with more than one conviction could face fines of up to $2.5 million.

B.C. to bring in new rules for mortgage brokers

VPD releases video of mischief to Olympic Cauldron

VPD releases video of mischief to Olympic Cauldron
Just after 3:30 a.m. on October 1, two suspects were in Jack Poole Plaza for 12 minutes, and briefly approached the base of the cauldron before leaving. When they returned 30 minutes later, one approached the base of the cauldron with a tool, while the other appeared to pull out a camera to record the destruction.

VPD releases video of mischief to Olympic Cauldron

Ottawa announces $300 million in Fiona relief

Ottawa announces $300 million in Fiona relief
The money will help communities and businesses in Atlantic Canada and the Îles-de-la-Madeleine rebuild, and the fund will also go toward cleaning up fishing gear, ensuring the safety of navigation and protecting marine wildlife, he said.

Ottawa announces $300 million in Fiona relief

Vancouver home sales down 46% from last Sept

Vancouver home sales down 46% from last Sept
The B.C. board says sales in the region totalled 1,687 last month, down from 3,149 the September before and 1,870 in August. Last month’s sales were almost 36 per cent below the 10-year September sales average.

Vancouver home sales down 46% from last Sept

Expert concerned about language data from census

Expert concerned about language data from census
The national statistics agency flipped the order of two questions related to which language Canadians spoke at home on a regular basis and which languages they spoke most often. The results showed an "unprecedented" rise in the number of Canadians who spoke both English and French as their mother tongue, said Jack Jedwab, CEO of the Association for Canadian Studies.

Expert concerned about language data from census

Second doses of monkeypox vaccine roll out in B.C.

Second doses of monkeypox vaccine roll out in B.C.
The Provincial Health Services Authority says those who received their first dose at least 28 days ago are eligible to make appointments for their second, as part of a two-dose series approved by Health Canada. More than 19,000 doses of Imvamune have been administered to those most at risk of contracting the virus in B.C.

Second doses of monkeypox vaccine roll out in B.C.