Agriculture groups hopeful new Indo-Pacific strategy brings more trade deals
The pact, which already includes heavyweights such as Australia, Japan and Mexico, entered into force four years ago. The United Kingdom, the Philippines, Indonesia, Taiwan and China have applied for membership.Leif Carlson, director of market intelligence and trade policy for Cereals Canada, said the Indo-Pacific strategy should be viewed through a long-term lens as a way to deepen those trade relationships.
Some agricultural producers say the deal has not lived up to expectations and its implementation has been slow. “Some of these trade deals aren’t maybe what they thought they would be, or what we hoped they would be, and a little bit slow getting off the ground,” said Lewis.Jim Everson, president of the Canola Council of Canada, said he hopes the strategy “builds on the CPTPP” and adds momentum to a prospective deal with the Association of Southeast Asian Nations, known as ASEAN.
Canada has been trying to strike a trade deal with ASEAN, a bloc of 10 countries in Southeast Asia, since 2017.After a public consultation on a potential deal in 2018, the two parties agreed to proceed with negotiations in 2021, with Prime Minister Justin Trudeau announcing funding to help ASEAN nations take part in trade-deal negotiations at a summit held by the bloc earlier this month.
Canada has also moved toward negotiating more bilateral deals in the region, including with India and ASEAN member Indonesia.
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