{"id":37069,"date":"2023-11-25T11:49:03","date_gmt":"2023-11-25T11:49:03","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/usmca-trade-panel-rejects-us-complaint-about-access-to-canada-dairy-market\/"},"modified":"2023-11-25T11:49:04","modified_gmt":"2023-11-25T11:49:04","slug":"usmca-trade-panel-rejects-us-complaint-about-access-to-canada-dairy-market","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=37069","title":{"rendered":"USMCA trade panel rejects US complaint about access to Canada dairy market"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A dairy farmer herding cows a day after Canada’s Prime Minister Justin Trudeau said the federal government would offer an additional C$5 billion ($3.4 billion) line of credit for farmers and agricultural producers to help them through the coro<\/span>
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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":"

2\/2 \u00a9 Reuters. FILE PHOTO: A dairy farmer herding cows a day after Canada’s Prime Minister Justin Trudeau said the federal government would offer an additional C$5 billion ($3.4 billion) line of credit for farmers and agricultural producers to help them through the coro 2\/2 OTTAWA (Reuters) – A trade dispute settlement panel set up<\/p>\n","protected":false},"author":1,"featured_media":37070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-37069","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nUSMCA trade panel rejects US complaint about access to Canada dairy market | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"2\/2 \u00a9 Reuters. 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