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Agriculture committee  I'm not sure I understood that.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  I think I'll pass that question on to Mr. Walton.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  In terms of the GMO issues, it's difficult to project out seven years, but I think a couple of things can change. Certainly the EU environment could change. They have approved the trait that is used in Canada. It's not that it can't be sold there, it's just this lack of consumer

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  In the near term, yes.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  We are very pleased with the outcome of the agreement. It's a highly technical agreement, but it's giving us some hope for the future. It's the first trade agreement that is actually creating some new market access opportunity. The only risk is delay. It has to be ratified amon

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  Certainly there aren't on the sugar side. As I think I mentioned, we already live in a global market that's highly distorted. This will not change those distortions, but CETA is tipping the scale more in our favour. It's helping move that balance, which has always been challengin

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  It's going to stay there. The tariff wall is going to stay there. They also bring in raw sugar for refining and export. We also have anti-dumping duties and countervailing duties against the European Union for the same reason, because they are a threat to our market. They are r

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  Well, their wall isn't really coming down. Canada's beet sugar can't compete with 16 million tonnes. It will have some access, but we need to maintain those protective duties for that unfair trade, but that's a separate matter for the Canadian tribunal.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  For the sugar-containing products, we've estimated $100 million in additional access. We haven't estimated the value for beet sugar, because that's really a commercial measure that's benefiting just one company in Canada. That will be for them to evaluate.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  For Canadian beet sugar it is.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  There will be no quota on the beet sugar. There will just be the quota on the sugar-containing products.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  That's right.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  They are heavily subsidized, and we believe we will be very competitive in that market for that reason, because our industry is not, so we've had to compete without subsidies. The thing that will change in 2017 is that those domestic quotas will come off, but they will retain t

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  Brazil by far is the largest. Other Central American countries, such as Guatemala, are main suppliers as well.

December 5th, 2013Committee meeting

Sandra Marsden

Agriculture committee  Yes—unless you paid the 419 euros, which wouldn't be economic.

December 5th, 2013Committee meeting

Sandra Marsden