# CPTPP to boost canola oil exports to Japan

> The CPTPP trade agreement takes effect December 30 and will phase out Japanese tariffs on Canadian canola oil and meal over five years. Japan currently charges 15 percent on refined canola oil and 12 percent on crude. An industry official expects new Prairie crush capacity to be built.

- Date: 2018-12-06 · published 2018-12-06T12:00:00.000Z
- Category: trade · region Japan · magnitude low
- Page: https://feedsoft.ai/events/61554-cptpp-to-boost-canola-oil-exports-to-japan
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower Japanese tariffs should expand Canadian canola product exports and support crush demand, which is supportive for canola meal.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- producer.com: https://www.producer.com/markets/cptpp-to-boost-canola-oil-exports-to-japan/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.