The Canadian Agricultural Trade Alliance has come out in favour of ongoing talks towards a comprehensive trade agreement between Canada and the European Union.
Stan Eby, president of CAFTA, said Canada is too reliant on the U. S. for exporting agricultural products, which is why it is critical for the European market to open.
Canada and the EU began negotiations towards Comprehensive Economic and Trade Agreement (CETA) in May of 2009. Negotiations cover trading of goods, services, technical barriers to trade, regulatory co-operation, intellectual property and many other areas. This is the broadest trade agreement Canada has ever negotiated, the release said.
Kathleen Sullivan, executive director of CAFTA, said a trade deal with Europe would generate new trade opportunities for Canada’s key agriculture and food sectors, such as beef, pork, and canola.
Canada is the fourth-largest agri-food exporter in the world, ranking only behind the EU, U. S., and Brazil. In 2008, agriculture and food product exports totalled $39 billion, the CAFTA release said.