Against the backdrop of escalating trade tensions with China and the United States, 88% of Canadian agribusinesses are in favour of diversifying foreign economic relations, the report says. The exporters of canola, peas, pork, fish and seafood were the most affected.
"Despite the focus on the trade war with the United States, it is the Chinese tariffs that have had a deeper impact on the Canadian agricultural sector. Many producers still lack adequate support,’ said Juliet Nicolai, policy analyst at CFIB. Only 10% of farmers believe the government has done enough to help.
CFIB calls on the government to take urgent measures to reduce the tax and regulatory burden, improve support programmes and help producers enter new markets.
"China and the United States together account for more than half of Canada's canola exports, and China is the second largest importer of Canadian seafood. As a result of trade disruptions, businesses face the risk of unsold inventory and loss of customers. Producers need clear guidelines for planning,’ added CFIB Vice President of National Affairs Jasmine Guenet.
The organisation calls on the government to focus on supporting the agricultural sector and creating a favourable environment for the development of small and medium-sized businesses in Canada.
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