Canadian canola growers believe TPP will mean more exports

Canola oil and canola meal tariffs will be eliminated for exports to Japan and Vietnam. | File photo

The Canola Council of Canada is encouraged by the signing of the Trans-Pacific Partnership (TTP) that will bring more jobs to Canada and bring tariffs on canola oil one step closer to being eliminated. 

Currently, Japan and Australia have a free trade agreement on canola oil, leaving Canada behind because of tariffs of approximately 15 percent.

“Signing the TPP means that Canada is at the table in a deal that could increase the value of canola exports by up to $7801 million annually,” Patti Miller, president of the Canola Council of Canada (CCC), said. “The elimination of canola oil tariffs in Japan is extremely important to our sector.”

Through TTP, canola oil and canola meal tariffs will be eliminated for exports to Japan and Vietnam, giving Canada a better opportunity in the industry.

“We have been a stable supplier of canola seed to Japan for over 40 years, but we are acutely aware that other canola suppliers now have better access to Japan than Canada does,” Miller said. “We are very pleased the Canadian government signed the agreement and look forward to a full discussion about the importance of Canada implementing the agreement in Parliament.”

The Keep It Coming 2025 strategic plan seeks to eliminate all tariffs and non-tariff barriers on canola oil, improving market access.

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