The Globe and Mail, a Canadian newspaper, reported a story on Wednesday, citing that Canada is ready to make significant concessions on dairy to secure the North Atlantic Free Trade Agreement (NAFTA) deal.
Key Points:
“Ottawa is ready to make concessions to the Trump administration on Canada’s protected dairy market in a bid to save a key NAFTA dispute-settlement system, preserve safeguards for cultural industries and avert tougher pharmaceutical patent protections, The Globe and Mail has learned.
That compromise could end the year-old talks, but at a heavy cost. The federal government has committed more than $4-billion to the country’s dairy farmers to buy the lobby’s acquiescence on concessions in previous trade deals.
And the concession may be not enough. Canada tried to offer the United States more dairy market access in May as part of a North American free-trade deal, only to be rebuffed.”
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