First of all, it's important to acknowledge that these cheeses will be imported on the Canadian market. The agreement opens the door to an additional 17,700 tonnes of imported cheese. Among other reasons, there are market conditions that will result in a price advantage. European products made from milk benefit from substantial subsidies on the European market. However, in Europe, the price paid to the farm is not comparable to what farms are paid in Canada. So there is already a comparative advantage in the ingredients used in the manufacture of European products. We think this price advantage will ensure that these cheeses will be imported entirely into the Canadian market.
On November 24th, 2016. See this statement in context.