May 2, 2016
In anticipation of Canadian ratification of the Comprehensive Economic and Trade Agreement (CETA) the Government of Canada announced that it will move forward with a plan to help the Canadian dairy industry adjust to market access concessions.
The government said it will meet with industry in May to obtain its views on the mitigation package. Ottawa intends to address, among other issues, transition support for producers and processors, as well as proposed program and investment options.
The government says it remains committed to the supply management sector.
Dairy Farmers of Canada welcomed the government's announcement, saying they are relieved that the government is committing to the long-awaited compensation.
As a result of the CETA agreement, the European Union will be permitted to ship an additional 17,700 tonnes of cheese into Canada, per year. According to Dairy Farmers of Canada this amounts to an annual loss of between $110-150 million per year in revenues and market share for Canadian dairy farmers.