Ottawa, ON – The Canadian Meat Council (CMC) was disappointed to learn that an agreement in principle could not be reached among the remaining TPP countries (TPP-11) today.
The lack of a deal puts over $1.7 billion of Canada’s meat exports in jeopardy. In addition, the Canadian Meat Industry could lose as much as $500 million in projected export increases to Japan alone should this trade deal collapse. On a broader front, the lack of a TPP-11 deal could spell disaster for the meat packing and processing sector in Canada which is a major or primary employer in towns and cities across Canada.
CMC’s President and CEO Chris White said “although we are disappointed in this latest obstacle to a TPP-11 deal, we remain hopeful that Canada will continue talks with participating countries.”
The Canadian Meat Council represents Canada's federally registered meat packers and processors as well as the industry's numerous suppliers of equipment, technology and services. For more than 96 years the mission of the Council has been to advocate on behalf of the needs of its members to secure and improve Canada's global meat competitiveness.
Source: Canadian Meat Council (CMC)