GFM Network News



Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)

China applies to join Trans-Pacific trade pact

Second-biggest economy seeks to add to economic clout

Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in […] Read more


(Jxfzsy/iStock/Getty Images)

Canadian dairy sector skimming global exports, U.S. complains

Winnipeg/Chicago | Reuters — Canada’s surging exports of protein-rich skim milk powder have angered farmers in the U.S., as the sheltered dairy sector in Canada draws the ire of U.S. President Donald Trump for its high tariffs. Canada cannot expect to have both a protected system and compete globally, U.S. Dairy Export Council CEO Tom […] Read more

Cattle disease outbreak under control: New Zealand ministry

Wellington / Reuters – New Zealand’s first outbreak of a serious bacterial cattle disease was well under control, the Primary Industries ministry said on Friday, with stock movement restrictions in place and testing continuing. News of the discovery of mycoplasma bovis earlier this week on a single farm in the world’s largest dairy exporter briefly […] Read more


(PortMetroVancouver.com)

Canada says TPP trade deal dead without U.S.

Calgary | Reuters — The Trans-Pacific Partnership (TPP) trade deal cannot proceed without the United States, Canada said on Tuesday, even as Australia and New Zealand pledged to salvage it. U.S. President Donald Trump withdrew from the 12-nation TPP on Monday, following through on an election promise days after his inauguration. “This agreement was so […] Read more

(PortMetroVancouver.com)

Australia, New Zealand pledge to salvage TPP

Reuters — Australia hopes to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations into the agreement in the wake of U.S. President Donald Trump’s decision to pull his country out of the pact, its trade minister said on Tuesday. New Zealand’s trade minister said ministers from the remaining TPP countries would […] Read more


(Keith Weller photo courtesy ARS/USDA)

New Zealand dairy industry worries over Canada pricing plan

Wellington/Winnipeg | Reuters — New Zealand is closely watching changes in how Canada prices dairy products, New Zealand’s trade ministry said on Friday, as industry groups in several countries complain of unfair Canadian competition. Canada’s dairy farmers and processors, which include Saputo and Parmalat Canada, struck a pricing agreement in July that industry groups in […] Read more

(PortMetroVancouver.com)

New Zealand to host TPP signing Feb. 4

New Zealand plans to host the signing of the Trans-Pacific Partnership trade pact by its 12 member nations on Feb. 4. The country’s trade minister, Todd McClay, confirmed in a statement Thursday that New Zealand has issued invitations to TPP ministers to sign the agreement in Auckland, marking the end of negotiations. Signing the deal […] Read more


Skim milk powder. (PelchGroup.com)

Global dairy prices unexpectedly fall in overnight auction

Wellington | Reuters — Global dairy prices unexpectedly eased in the overnight GlobalDairyTrade auction, a platform established by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT Price Index dipped 1.6 per cent, with an average selling price of $2,458 per tonne, in the auction held Tuesday (all figures US$). Whole milk […] Read more

New Zealand Trade Minister Tim Groser, shown here last November, doesn’t expect a Trans-Pacific trade deal to kill Canada’s supply management systems. (Beehive.govt.nz)

TPP not the death of supply management, N.Z. trade chief says

Hamilton, N.Z. | MCO — Canada’s supply-managed sectors should not worry about the Trans-Pacific Partnership, from where New Zealand’s Trade Minister Tim Groser sits. “I can understand why producer groups would wish to perceive this in a different way, but this is not the end of supply management,” he said here Thursday. “I don’t think […] Read more