How will this affect beef prices in Canadian grocery stores?
Canadian beef producers have won duty-free access to the European Union — a deal which could be worth millions. Industry and the federal government negotiated a deal which will provide duty-free access to a 20,000-tonne beef export quota in the European market. This arrangement has an estimated value of more than $10 million a year. In addition, Ottawa has reached an understanding with the European Commission aimed at resolving a long-standing dispute at the World Trade Organization over beef hormones. The trade agreement will eventually add 3,200 tonnes to the current 20,000-tonne quota and provide compensation for the EU's ban on beef from animals administered growth hormones. The Canadian Beef Export Federation says producers are willing and able to meet the EU demand for hormone-free beef immediately.
Read the release that inspired the blog post.