U.S. frustration mounts as Canada opens market for wheat to Colombia

07.07.2010 13:37 "Agro Perspectiva" (Kyiv) — A new trade deal between Canada and Colombia could cost U.S. wheat producers $70 million in annual sales, trade groups representing U.S. wheat producers and handlers said in a press statement Tuesday. They noted that the free trade agreement (FTA) ratified by the Canadian Parliament allows Canadian wheat to enter Colombia duty free. «The agreement gives a major wheat-producing competitor an immediate price advantage in a market where U.S. wheat exports had earned a dominant market share,» according to a joint statement from National Association of Wheat Growers chief executive officer Dana Peterson and U. S. Wheat Associates president Alan Tracy. They expressed frustration that while Canada has moved forward to open trade with Colombia, the U.S. government «has failed to ratify a bilateral FTA it negotiated with Colombia in 2006 that would allow most American agricultural exports to enter Colombia duty free.»

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