AgricultureNews

If CUSMA takes effect in July Canada’s dairy industry could lose $100M

Source: James Mccarten, The Canadian Press, globalnews.ca, April 28, 2020

The new USMCA requires the elimination of a pricing system that restricted American imports of certain products, while also opening 3.6 of the Canadian Dairy Market to U.S. producers.

The federal government has betrayed Canada’s dairy processors by allowing the United States to activate the new North American trade deal on July 1 — a month earlier than the industry was expecting, the Opposition leader in the Senate said Tuesday.

Sen. Don Plett warned the country’s 470 processing facilities, an industry that employs more than 24,000 people and contributes $18 billion annually to the Canadian economy, stand to lose upwards of $100 million if the U.S.-Mexico-Canada Agreement takes effect as scheduled.

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