Canadian beef industry celebrates Indonesia trade deal

Published Dec 5, 2024

Tridge summary

Canada's cattle industry is welcoming the country's new trade deal with Indonesia, which is expected to provide new market access opportunities for Canadian beef producers. The Canada-Indonesia Comprehensive Economic Partnership Agreement (CEPA) will offer tariff-free access for Canadian beef, and the Canadian Cattle Association and the Canadian Meat Council have expressed optimism for the deal's potential to diversify and expand the industry's global presence. This comes as Canada is also facing potential tariffs on its goods by the incoming US president, and as the middle class in Indonesia continues to grow, leading to increased demand for beef. However, the Canadian beef market in China remains closed due to a BSE case detection in December 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Canada’s national cattle industry body has welcomed the country’s new trade deal with Indonesia which it says will bring new market access opportunities for the 60,000 Canadian beef producers it represents. It follows the completion of negotiations this week for a Canada-Indonesia Comprehensive Economic Partnership Agreement (CEPA). “Canadian negotiators worked tirelessly to secure comprehensive tariff free access for Canadian beef and to address challenges for the Canadian beef sector,” Canadian Cattle Association (CCA) President Nathan Phinney said in a statement. “We thank the Government of Canada negotiating team for the positive outcomes of both CEPA and the MOU specific to beef.” The CCA statement noted that global demand for beef is increasing and there is growing momentum for Canada in the Indo-Pacific region. It said that during the trade mission, CCA took part in market visits with Canada Beef and heard directly from retailers that their customers are looking for high ...

Source: Beef Central