Our members emphasize the following outcomes as key benefits of the new CUSMA.
The agreement contains no new tariffs or trade-restricting measures. All agricultural products that have zero tariffs under NAFTA will remain at zero tariffs under CUSMA. Maintaining predictable, duty-free access to the North American market is a major win for Canada's agriculture and agri-food exporters, which will help strengthen the supply chains that have been developed for the past generations across North America.
The new agreement includes meaningful progress on regulatory alignment and co-operation. In particular, I would note the establishment of the working group for co-operation on agricultural biotechnology and the creation of a new sanitary and phytosanitary committee, which will help ensure that regulations are transparent and based on science, and that trade in North America flows freely, fairly and abundantly.
Another key benefit for our members is the preservation of dispute resolution provisions that are vital to ensuring that fair and transparent processes are in place when disagreements arise. Preserving chapter 19 in its entirety and much of chapter 20 from the previous NAFTA are important wins for our members.
Market access improvements for Canadian agri-food exporters include increased quotas for refined sugar and sugar-containing products as well as some gains for some processed oilseed products like margarine. These are all welcome wins.
All these advances will help consolidate the gains of the original NAFTA and provide certainty in the North American market, which is really essential to the success of Canadian agri-food manufacturers and exporters.
In closing, CUSMA represents a meaningful upgrade to NAFTA for our members by keeping our trade tariff free, establishing processes that help remove remaining technical barriers to trade and maintaining vital provisions to deal with disputes.
We look forward to working with the government to bring CUSMA into force as soon as possible so that our members can realize its benefits as quickly as possible.