Canadian Court finalizes Colombia Free Trade Deal

Last week, Canada's Constitutional Court gave the go-ahead to place into effect a free trade agreement between Canada and Colombia. The agreement could take effect as soon as July 1. The National Association of Wheat Growers is quick to point out the Colombia-Canada agreement has moved with lighting speed compared to a similar measure negotiated between Colombia and the US that has yet to be sent to Congress for approval.

The US market share has already been reduced because of trade preferences Colombia enjoys with Argentina. In fact, while Colombian flour millers tell US Wheat Associates they want to be able to keep buying US wheat, the tariff disadvantage the US product will face will force them to buy from Canada, costing US wheat producers nearly US$100 million per year. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.