The global and progressive transpacific partnership agreement (PTPGP) provides for certain quotas allowing countries to export dairy products at preferential prices to other member countries.
In September 2023, New Zealand convinced a commercial commission that Canada unjustly limited its quotas to protect its national dairy processors.
The Commission had then ruled that Ottawa had a certain latitude as to the distribution of its dairy quotas, but that some of its rules violated the trade agreement.
Certain changes
The two countries said Thursday have reached an agreement on technical modifications which, according to the Liberals, only apply to the quotas provided for by the existing agreement and which will not lead to increased market for the market.
Canada dairy producers said they were aware of the agreement and understand that it would cause certain minor political changes that maintain the supply management regime.
New Zealand previously said that Canadian policies cost its exporters the equivalent of $ 100 million CAN over three years.
