Two-way trade critical with U.S.

Ontario’s ag minister Ernie Hardeman and the minister of economic development, job creation and trade, Vic Fedeli, hosted senior agriculture officials from several American states on September 3 to underscore what’s at stake for continuing flow of $29.6 billion in agricultural goods.

 

The meeting was facilitated by USDA under-secretary Ted McKinney.

 

Discussions focused on the mutual benefits of two-way agri-food trade, opportunities to collaborate on continued cross-border economic growth, the importance of ratification for the Canada-United States-Mexico Agreement, and topics for further joint advocacy at the upcoming Trinational Accord gathering of secretaries of state departments of agriculture in Winnipeg on November 12-14, 2019.

 

"Ontario is the largest trading partner for 19 U.S. states, and second largest of nine more states," said Fedeli. "We look forward to continuing to build our ties with our trade partners in the United States."

Quick Facts

  • - 74 per cent of Ontario agri-food exports are shipped to the U.S.
  • - Ontario’s top agri-food exports to the U.S. are grain products ($3.8 billion CDN), vegetables ($1.5 billion) and edible preparations such as sauces, condiments and soups ($1.1 billion).
  • - Ontario’s top agri-food imports from the U.S. are edible preparations ($2.7 billion CDN), grain products ($ 2.2 billion CDN) and fruits and nuts ($2.2 billion CDN).
  • - One in eight jobs in Ontario is supported by the agriculture sector.
  • - The agriculture sector contributed $47.7 billion to Ontario’s GDP in 2018.

 

Source:  OMAFRA September 4, 2019 news release

 

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Publish date: 
Wednesday, September 4, 2019

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