The Biden administration initiated a dispute process against the Canadian dairy industry, triggering the formal dispute mechanism of the new US Mexico Canada agreement for the first time.The US dairy industry has long complained regarding policies in Canada hold back sales in their market, and the issue has won the support of many members of Congress who represent the major dairy-producing states. Canadaâs dairy protection was one of the key sticking points of the negotiations over the USMCA which was agreed to in 2018, and the US dispute amounts to a formal accusation that Canada isnât living up to the terms of the agreement.âLaunching the first-panel request under the agreement will ensure our dairy industry and its workers can seize new opportunities under the USMCA to market and sell the US products to Canadian consumers,â stated Katherine Tai, the US trade representative, and President Bidenâs elite trade advisor, on Tuesday.The US alleges that Canada has used a complex system of tariff-rate quotas that sets aside a share of the dairy market exclusively for Canadian dairy processors and that the system is in violation of what Canada agreed to in 2018.
Published by
%202.png)
.png)
.png)
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital
ÂŠď¸ MEXEM AFRICA (PTY) LTD (MEXEM AFRICA) is an authorized financial services provider (FSP 48325). All trades on the MEXEM AFRICA platform are subject to the legal terms and conditions to which you agree to be bound.
The MEXEM AFRICA platform enables users to invest in securities. MEXEM AFRICA acts as an agent for the issuance of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions, and all the economic benefits and risks associated with share ownership.
The availability of any share on the MEXEM AFRICA platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you. Images are for illustrative purposes only and past performance is not necessarily an indication of future performance.
â
The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between MEXEM AFRICA and the listed company or the payment of fees for services. Brand logos are owned by the respective companies and not by MEXEM AFRICA. The use of a companyâs brand logo does not represent an endorsement of MEXEM AFRICA by the company, nor an endorsement of the company by MEXEM AFRICA, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the MEXEM AFRICA website.
Read our Forms & Disclosures.
