AreaCanada

Commodity GroupMilk and dairy products

CommodityDairy products

Date26/04/2021

Policy CategoryProduction

Policy InstrumentGovernment support

DescriptionApproved the federal budget measure, which includes more than USD 5.2 billion related to agriculture, forestry and fisheries, and financial support for the supply managed sectors, including dairy, to counter the economic impacts of COVID-19 and build back a better and more resilient economy. Allocated USD 230 million, committing funds through 2029 to compensate processors of poultry, egg and dairy for market access concessions under the Comprehensive Economic and Trade Agreement with the European Union (EU) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.