Even though the Trans Pacific Partnership (TPP) opens up just 3.25% of Canada’s dairy market to imports, the National Farmers Union says it is the beginning of the end of supply management for dairy farmers.
That’s based on the belief that the Canadian government will provide $4.3 billion in relief to dairy farmers over the next 10 to 15 years. That amount of compensation far exceeds the losses dairy farmers would experience from a 3.25% quota cut and another 1% loss in a trade agreement with the European Union.
“This large dollar amount suggests that the intent is to completely dismantle dairy supply management over the next 10 years,” says Jan Slomp, National Farmers Union president.
Read more on the story from the Manitoba Co-operator here.
Also note: Canada is holding its national election today. Justin Trudeau, son of the late, liberal Prime Minister Pierre Trudeau, is favored to win over conservative prime minister Stephen Harper. Harper’s government negotiated the current TPP. It’s unknown what Trudeau would do with the TPP agreement if he is elected.