Canada and Japan Strengthening Trade Relationship

Following a visit to the United States, Japan’s Prime Minister met with Justin Trudeau of Canada to strengthen trade ties. In a news release from Canada, officials say the two leaders reaffirmed their commitment to strengthen the strategic partnership between Canada and Japan. The two leaders also discussed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which Canada says is already creating good, middle-class jobs and new opportunities for businesses in Canada and Japan. Canada and Japan are partners in the CPTPP, a free trade agreement between Canada and ten other countries in the Asia-Pacific region, which was created after the U.S. left the Trans-Pacific Partnership. Canada agriculture has preferential tariffs now for products to Japan, compared with the United States. Japan was the number one importer of Canadian pork in 2018 worth $1.3 billion. Prime Minister of Japan, Shinzo Abe, and Trudeau finalized two memorandums on trade focusing on tech innovation and trade, as part of their meetings last week.

 

 

From the National Association of Farm Broadcasting.