# Canola industry welcomes CPTPP agreement, enabling growth in value-added exports

> Canada and 10 other countries concluded negotiations on the CPTPP trade agreement, according to Canada's International Trade Minister. The Canola Council says tariffs of about 15% in Japan have blocked canola oil exports, and removing them could add up to C$780 million a year in oil and meal exports.

- Date: 2018-01-24 · published 2018-01-24T12:00:00.000Z
- Category: policy · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/66957-canola-industry-welcomes-cptpp-agreement-enabling-growth-in-value-added-exports
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Concluding the CPTPP gives Canadian canola oil and meal a route to tariff-free access in Japan and Vietnam, supporting value-added demand. Implementation timing still determines when prices feel the effect.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-02-12 | [Export tax freeze to support Malaysian palm oil industry - Oxford Business Group](https://feedsoft.ai/events/66368-export-tax-freeze-to-support-malaysian-palm-oil-industry-oxford-business-group.md) | -1.3% | -1.3% |
| SBO | 2021-02-23 | [The Palm Oil Industry is Changing — and the EU Can Help — CSPO](https://feedsoft.ai/events/48669-the-palm-oil-industry-is-changing-and-the-eu-can-help-cspo.md) | +2.0% | +19.7% |
| SBO | 2017-06-22 | [Soybean Industry Supports Biodiesel Industry on Capitol Hill - American Soybean Association](https://feedsoft.ai/events/70357-soybean-industry-supports-biodiesel-industry-on-capitol-hill-american-soybean.md) | +0.8% | +6.7% |
| SBO | 2025-08-11 | [eFeedLink - Tax changes in Argentina could boost Brazilian soybean exports](https://feedsoft.ai/events/13841-efeedlink-tax-changes-in-argentina-could-boost-brazilian-soybean-exports.md) | +0.3% | -1.6% |
| SBO | 2019-09-03 | [Biofuels industry focuses on SREs in 2020 RFS RVO comments \| Biodiesel Magazine](https://feedsoft.ai/events/56939-biofuels-industry-focuses-on-sres-in-2020-rfs-rvo-comments-biodiesel-magazine.md) | -1.3% | +1.2% |

## Sources

- canolacouncil.org: https://www.canolacouncil.org/news/canola-industry-welcomes-cptpp-agreement-enabling-growth-in-value-added-exports/

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