Canadian tariffs on agricultural imports are some of the highest among food exporting nations. According to the latest report by the Conference Board, Canada would see a significant financial return if it liberalized its trade in food – especially since it exports more food than it imports at a ratio of 60% to 40%. Although the loosening of food trade would make the Canadian food industry more prosperous by taking advantage of global emerging markets, not all sectors would benefit. The highly protected dairy sector (246.8% tariff) would see resources shift away from milk and dairy production toward the production of grain, oilseeds, and other processed foods. To read more about Canadian trade negotiations with the EU and within the Trans Pacific Partnership, as well as its policy of agricultural protectionism:
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