New Zealand has filed a trade dispute against Canada concerning its implementation of dairy tariff fee quotas (TRQs) underneath the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (higher often called the CPTPP.)
It marks the first dispute introduced ahead by any nation underneath the Pacific trade deal that took impact in December 2018.
“New Zealand has notified Canada and other CPTPP parties that we believe Canada’s implementation of its dairy TRQs goes against the rules of the CPTPP,” says New Zealand’s Trade and Export Growth Minister Damien O’Connor, in an announcement issued May 12.
New Zealand’s argument is just like United States’ ongoing case over the implementation of Canadian dairy import rules underneath the brand new Canada-U.S.-Mexico trade settlement, USMCA.
The New Zealand authorities says Canada’s dairy TRQs stay unfilled, and that its exporters are unable to completely profit from market entry that was negotiated underneath the CPTPP. They say this misplaced market entry is estimated to be value roughly NZ$68 million (roughly $55 million) over the first two years of the settlement.
“New Zealand has an excellent relationship with Canada, who are one of our closest partners in the world. We have appreciated Canada’s engagement on this issue at different levels over a number of years and these proceedings will not come as any surprise to them,” says O’Connor. “Occasionally even good friends disagree, and it’s for that reason dispute settlement mechanisms in free trade agreements such as CPTPP exist to provide a neutral forum for settling such disputes when they arise.”
Canada has seven days to reply to New Zealand’s request for consultations. If consultations are unsuccessful at resolving the dispute, New Zealand may request the formation of a dispute settlement panel.
New Zealand files first CPTPP trade dispute against Canada’s implementation of dairy rules – RealAgriculture & More Latest News Update
New Zealand files first CPTPP trade dispute against Canada’s implementation of dairy rules – RealAgriculture & More Live News
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New Zealand files first CPTPP trade dispute against Canada’s implementation of dairy rules – RealAgriculture & More News Today
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