Trade deal concessions threaten jobs at Kingston, Ont., baby formula plant - News Summed Up

Trade deal concessions threaten jobs at Kingston, Ont., baby formula plant


The revised North American trade agreement restricts shipments of a product Canada isn't even exporting at the moment: infant formula. The agriculture annex in the new deal sets export restrictions on infant formula. Baby formula looked like a smart use for it, and Canada didn't have any significant infant formula production before Feihe arrived. Expanding this plant, or building a second infant formula plant somewhere else in Canada, look like less attractive business propositions under this new trade deal. Once ratified, the USMCA will dictate a price formula for "non-fat solids used to manufacture milk protein concentrates, skim milk powder and infant formula."


Source: CBC News October 12, 2018 08:00 UTC



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