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Proposed Canada-EU FTA and Agricultural Trade. David Blandford dblandford@psu.edu. Regional Trade Agreements (RTAs): New developments and expectations AES/CEAS Conference School of Economics, University of Kent 24 th June, 2011 . Canada-EU FTA:.

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Proposed canada eu fta and agricultural trade
Proposed Canada-EU FTA and Agricultural Trade

David Blandford

dblandford@psu.edu

Regional Trade Agreements (RTAs):

New developments and expectations

AES/CEAS Conference

School of Economics, University of Kent

24th June, 2011


Canada eu fta
Canada-EU FTA:

  • A proposal to conclude a Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada was announced in June 2009

  • Seven rounds of negotiations have been completed since October 2009

  • The aim is conclude the negotiations by 2012

  • The EU is Canada’s 2nd largest trading partner taking $C49.2 billion of exports and supplying $C55.2 billion of imports in 2010


Canada eu fta1
Canada-EU FTA:

  • Joint Canada-EU study has suggested a gain of 0.77% in Canada’s GDP and 0.08% in EU GDP from liberalization of trade in goods and services

  • The study and its conclusions have been controversial in Canada

  • Canada already has an FTA with the US its largest trading partner: NAFTA, 1994 the successor to CUSTA, 1988


Leading us agricultural export destinations 2010
Leading US agricultural export destinations (2010)

Source: Foreign Agricultural Trade of the US


Leading us agricultural export destinations 20101
Leading US agricultural export destinations (2010)

Source: Foreign Agricultural Trade of the US


Leading us sources of agricultural imports 2010
Leading US sources of agricultural imports (2010)

Source: Foreign Agricultural Trade of the US


Leading us sources of agricultural imports 20101
Leading US sources of agricultural imports (2010)

Source: Foreign Agricultural Trade of the US





Us agricultural exports to the eu 2010
US agricultural exports to the EU (2010)

Source: Foreign Agricultural Trade of the US


Us agricultural imports from the eu 2010
US agricultural imports from the EU (2010)

Source: Foreign Agricultural Trade of the US


Canada s total trade with the eu
Canada’s total trade with the EU

From J. Stanford, “Out of equilibrium: the impact of EU-Canada free trade on the real economy”, October 2010.


Canada s trade with the eu 2009
Canada’s trade with the EU, 2009

Source: J. Stanford, “Out of equilibrium: the impact of EU-Canada free trade on the real economy”, October 2010.


Structure of canada eu trade 2009
Structure of Canada-EU trade 2009

EU exports to Canada

Canadian exports to EU

Source: J. Stanford, “Out of equilibrium: the impact of EU-Canada free trade on the real economy”, October 2010.


Major agricultural products in canada eu trade 2009
Major agricultural products in Canada-EU trade, 2009

EU exports to Canada

Canadian exports to EU

Source: J. Stanford, “Out of equilibrium: the impact of EU-Canada free trade on the real economy”, October 2010.


Wine policies in canada
Wine policies in Canada

  • MFN tariff on beer, spirits and most types of wine (made from grapes) is zero

  • But:

    • A Federal excise tax of 51.22 cents/litre is applied for wine over 7% alcohol

    • A 5% goods and services tax (GST) is added on top of the excise duty

    • Provincial liquor control boards or commissions (13) apply a mark-up to the wine (e.g., 17% in BC)

    • Provincial liquor sales taxes are applied on top of all this (10-12%)

    • Total tax can be over 50%

  • A Canada-EC wine and spirits agreement has existed since 2003– primarily for GIs


Access to canada s dairy market
Access to Canada’s dairy market

  • A supply management system has operated since 1970

  • NAFTA (and the earlier Canada-US FTA) had very little impact on U.S. market access for dairy products

  • Canada created TRQs for dairy products as part of the URAA (e.g., the tariff-free access for yogurt of 332 metric tons – the over quota tariff is 237.5%). The TRQ for cheese is 20,411.866 tonnes


Proposed canada eu fta and agricultural trade1
Proposed Canada-EU FTA and Agricultural Trade

David Blandford

dblandford@psu.edu

Regional Trade Agreements (RTAs):

New developments and expectations

AES/CEAS Conference

School of Economics, University of Kent

24th June, 2011