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CPTPP Expected to Provide Market Certainty to Canada's Pork Sector
Gary Stordy - Canadian Pork Council

Farmscape for January 26, 2018

The Director of Government and Corporate Affairs with the Canadian Pork Council, suggests the most important aspect of the new Comprehensive Trans-Pacific Partnership is the market stability it will provide.
Negotiations aimed at creating an 11 nation Comprehensive Progressive Trans-Pacific Partnership were successfully concluded Tuesday and the agreement is scheduled to be formally signed in early March.
Gary Stordy, the Director of Government and Corporate Affairs with the Canadian Pork Council, says the CPTPP is the opportunity of a generation simply because of what can happen next.

Clip-Gary Stordy-Canadian Pork Council:
Certainly most importantly this provides producers some stability.
We're not going to lose an important market.
Canada exports over 70 percent of our product.
A good portion of that and certainly a valuable portion of that goes into the Japanese market.
This deal allows us to have some stability in this region so producers can have some comfort in what they're doing, that their processing partners where we ship our animals to have some stability.
Our processing companies and partners are making investments into their plants to adapt to new markets, take advantage of our opportunities providing a high value product so that they can be stable.
With this deal, certainly it's an opportunity for producers who have young families to consider pork has some stability with market access moving forward.

Stordy says with this agreement Canada has an opportunity to get into some of these markets first, build our brand, build market share and maintain those relationships as the competitions increases.
He says Japan, Vietnam and Malaysia, are emerging but in addition to that we know other countries are perhaps interested in joining the CPTPP, the United States being one of them, and South Korea as well has Columbia may also enter the agreement.
For Farmscape.Ca, I'm Bruce Cochrane.


       *Farmscape is a presentation of Sask Pork and Manitoba Pork

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