Finally, a good excuse to scrap Canada’s farming cartelsDiane Francis Jun 22, 2012 – 1:28 PM ET
Canadians must hope New Zealand and Australia force Canada to scrap its protectionist supply management system for dairy, poultry and eggs before being allowed to join the coveted Trans-Pacific Partnership (TPP).
The Aussies and Kiwis have been upset with Canada over these agricultural subsidies for decades and are doing consumers in Canada, and the economy as a whole, a favor by opposing them.
Canada’s dairy, poultry and egg farmers belong to government-sanctioned cartels that keep out foreign competition with the help of tariffs as high as 300%. The government guarantees their success by setting a floor price. The result is monopoly profits and an estimate, by the OECD, that Canadians overpay $3 billion annually for these foodstuffs........................
http://opinion.financialpost.com/2012/0 ... g-cartels/
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