June 29, 2020
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could be more beneficial to Canada, the third biggest pork exporter in the world, than it is to Thailand’s pig farmers. The cost of raising pigs in Canada is USD 1.3/kg, while it is double in Thailand. Tariff reduction after joining CPTPP will impose a huge disadvantage on Thai pig farmers due to cheap pork imports from Canada. This could pose a threat to the country as 97% of pigs raised here are for domestic consumption.