{"id":88433,"date":"2023-11-24T16:43:02","date_gmt":"2023-11-24T21:43:02","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/usmca-trade-panel-rejects-us-complaint-about-access-to-canada-dairy-market\/"},"modified":"2023-11-24T16:43:05","modified_gmt":"2023-11-24T21:43:05","slug":"usmca-trade-panel-rejects-us-complaint-about-access-to-canada-dairy-market","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=88433","title":{"rendered":"USMCA trade panel rejects US complaint about access to Canada dairy market"},"content":{"rendered":"
\n

OTTAWA (Reuters) – A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market, an official report showed on Friday.<\/p>\n

The United States had accused Canada of not meeting obligations under the 2020 United States-Mexico-Canada Agreement to open its market to foreign producers.<\/p>\n

The three-person independent panel ruled that Canada had not acted unreasonably. Their report was released on Friday.<\/p>\n

U.S. Trade Representative Katherine Tai said in a statement that she was “very disappointed” by the ruling. <\/p>\n

“The United States continues to have serious concerns about how Canada is implementing the dairy market access commitments it made in the Agreement … we will not hesitate to use all available tools to enforce our trade agreements,” she said.<\/p>\n

Trading partners say that although Canada has over the years agreed in a number of deals to allow some dairy market access to foreign firms through a system of tariff-rate quotas, it was in fact improperly allocating most of them to domestic firms.<\/p>\n

“Canada is very pleased with the dispute settlement panel’s findings, with all outcomes clearly in favour of Canada,” Trade Minister Mary Ng said in a statement.<\/p>\n

In January 2022, an earlier USMCA panel said Ottawa had violated the accord by not opening up the domestic market enough. Canada then amended its policies.<\/p>\n

The USMCA agreement kept in place Canada’s decades-old supply management system, which restricts domestic production of dairy, eggs and poultry to stabilize incomes of dairy farmers and protect them from import competition with high tariffs.<\/p>\n

Canada’s roughly 10,000 dairy farmers form one of the most influential political lobbies. Most farm in Quebec and Ontario, the provinces with the most parliamentary seats. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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