Area
Japan
Commodity Group
Oilseeds, oils and meals
Commodity
Rapeseed oil, rapeseed meal
Date
01/12/2018
Policy Category
Trade
Policy Instrument
Bilateral trade initiatives
Description
Explored new opportunities for the importation of Canadian rapeseed oil and meal into Japan, based on the recent entry into force of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement.
Notes
Based on the recent entry into force of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement, Canadian industry officials envisage new export opportunities for Canadian rapeseed oil and meal in Japan. Considering that, under CPTPP, Japans import tariffs on the named products will be eliminated over the next five years, the Canola Council of Canada intends to promote the replacement of rapeseed sales to Japan with exports of value-added oil and meal and expects new rapeseed crush facilities to be set up in Canada. Under the envisaged scenario, Canada would increasingly compete with Australia, which has enjoyed a free trade agreement with Japan since January 2015.
