Reading Time: 2 minutes Santiago | Reuters — Countries that signed up for the failed trade pact known as the Trans-Pacific Partnership (TPP) will meet in Chile next week, seeking a way forward on a possible future regional deal, Chile’s head of international trade told Reuters. Representatives from the 12 countries that formed the TPP, plus China and South […] Read more
Paths seen open to post-TPP Pacific trade pact
U.S. ag sector seeks opportunities in face of challenges
Reading Time: 2 minutes CNS Canada — With shrinking farm income and a rising debt-to-asset ratio, the U.S. agriculture industry’s leaders are eyeing opportunities that could help it return to a point of profitability. U.S. net farm income is forecast to decline in 2017, with projections from the U.S. Department of Agriculture showing an 8.7 per cent drop, bringing […] Read more
Struggling U.S. farm sector faces new threat as TPP dies
Reading Time: 3 minutes Chicago | Reuters — U.S. President Donald Trump’s decision to back out of the Trans-Pacific Partnership (TPP) trade deal, a US$62 billion market for U.S. farmers, provides a fresh threat to a slumping agricultural economy that has grown increasingly dependent on exports. Agricultural groups expressed disappointment over the move and urged the new administration to […] Read more
Canada says TPP trade deal dead without U.S.
Reading Time: 2 minutes Calgary | Reuters — The Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it. U.S. President Donald Trump withdrew from the 12-nation TPP on Monday, following through on an election promise days after his inauguration. “This agreement was so […] Read more
Australia, New Zealand pledge to salvage TPP
Reading Time: 2 minutes Reuters — Australia hopes to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations into the agreement in the wake of U.S. President Donald Trump’s decision to pull his country out of the pact, its trade minister said on Tuesday. New Zealand’s trade minister said ministers from the remaining TPP countries would […] Read more
Guenther: Canada’s beef export sector waiting, watching
Reading Time: 3 minutes As speculation swirls around U.S. President-elect Donald Trump’s promise to renegotiate NAFTA, officials with Canada’s beef industry are taking a measured approach. They’re not ignoring the possibility of trade disruptions in the U.S., said Ryder Lee, CEO of the Saskatchewan Cattlemen’s Association — “but neither are we lighting our hair on fire yet at each […] Read more
Trump pledges U.S. withdrawal from TPP on ‘day one’
Reading Time: 2 minutes U.S. President-elect Donald Trump has pledged to start the United States’ exit from the 12-nation Trans-Pacific Partnership (TPP) trade deal on “day one” of his administration in January. In a video released Monday, Trump said his transition team had been directed to put together “a list of executive actions we can take on day one” […] Read more
TPP study sees net ‘neutral’ effect on dairy sector
Reading Time: 4 minutes An economic impact study on Canada’s participation in a Trans-Pacific Partnership (TPP) trade deal finds losses in Canada’s dairy sector would be “offset” by gains for dairy processors from cheaper dairy imports. The study, prepared for the federal government by its Office of the Chief Economist and released Friday, notes Canada has offered expanded access […] Read more
Chile plans to send TPP deal to Congress this year
Reading Time: < 1 minute Santiago | Reuters — The Chilean government is expecting to send the Pacific trade deal known as the Trans-Pacific Partnership (TPP) to its Congress for approval by the end of 2016, President Michelle Bachelet said Thursday. The 12-nation TPP aims to liberalize commerce in 40 per cent of the world’s economy, but its future is […] Read more
Trump vows to renegotiate or withdraw from trade deals
Reading Time: < 1 minute Reuters — Republican presidential candidate Donald Trump on Tuesday promised to renegotiate international trade deals, withdraw from them if he is not satisfied and use executive power to remedy trade disputes with China if he wins the White House. Trump, speaking at an aluminum scrap metal factory in Monessen, Pa., south of Pittsburgh, said he […] Read more
A message from April Stewart, Country Guide's Associate Editor
