Canada’s government will invest an additional $531.87 million in order to strengthen the country’s dairy, poultry and egg farmers. The government also reduced the timeline for payment to dairy farmers promised in 2019.
The package for dairy farmers also build on a $250 million CETA on-farm investment program, Agriculture Minister Marie-Claude Bibeau said in a statement.
It should be mentioned here that the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) sets out the tariff removal on 99% of all goods types traded between the EU and Canada, over a period of about 7 years.
The government’s latest compensation payments highlight the fact that dairy and poultry farmers have lost out after trade agreements were struck with the European Union and Pacific nations.