CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - Alberta Barley is confident that today's tabling of the Canada-Europe Trade Agreement (CETA) Summary of the Negotiated Outcomes in the House of Commons is the next step towards achieving a more secure agricultural future for barley farmers.
"The CETA is the shot in the arm that our industry needs," said Alberta Barley Chairman Matt Sawyer. "Greater demand for our exports means greater profitability for our farmers at home."
Once fully implemented, this historic agreement is expected to gradually remove tariffs on virtually all of Canada's agriculture and food products. The beef and pork industries will benefit considerably from this aspect of the agreement, as tariffs on their exports have historically been the highest.
"We are partnered with - and dependent upon - the beef and pork industries," said Sawyer. "The anticipated increase in demand for beef and pork exports will mean greater demand for feed barley. This will be a big boost to the bottom line for our producers."
The CETA is expected to result in $1.5 billion in new agri-food exports, including a $600 million increase in beef exports and $400 million in pork.
With over 80 per cent of harvested barley going towards feed production, an increase in the agri-food export market will result in a significant economic boost for barley farmers.