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Beef cattle producers ‘encouraged’ by new CPTPP applicants

The Canadian Cattlemen’s Association on Oct. 18 noted the official applications to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from the United Kingdom, China and Taiwan along with “further interest” from South Korea.

 “We expect the Asian region to hold the largest potential for growth in beef demand over the next 25 years and securing further access to key Asian markets is a priority for us,” CCA president Bob Lowe said in a release.

 “We are encouraged to see other countries’ interest in joining CPTPP, as long as they meet the ambitious nature of the trade agreement, which should open and expand exports for Canadian beef farmers and ranchers.”

The original TPP contained measures to lower both non-tariff and tariff barriers to trade,[10] and establish an investor-state dispute settlement (ISDS) mechanism.

Source: euromeatnews.com