# Canola industry urges TPP implementation to keep Canadian canola competitive | Canola Council of Canada

> The Canola Council of Canada urged the federal government to advance Trans-Pacific Partnership implementation at a meeting of the 11 remaining member countries in Da Nang, Vietnam, from November 6 to 11. The council says tariff elimination in Japan and Vietnam over five years could raise Canadian canola oil and meal exports by up to $780 million per year.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68422-canola-industry-urges-tpp-implementation-to-keep-canadian-canola-competitive
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower tariffs on canola oil and meal in Japan and Vietnam would shift demand toward Canadian value-added products and away from U.S. soybean oil. This is a longer-term support for canola meal and oil demand.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-02-02 | [U.S. tariffs on Canadian canola industry will have widespread, devastating impacts \| Canola Council of Canada](https://feedsoft.ai/events/25995-u-s-tariffs-on-canadian-canola-industry-will-have-widespread-devastating.md) | -0.9% | +0.0% |
| SBO | 2025-01-27 | [U.S. threatening Canada’s canola oil industry - Grainews](https://feedsoft.ai/events/26601-u-s-threatening-canada-s-canola-oil-industry-grainews.md) | +2.0% | +4.1% |
| SBO | 2024-07-24 | [ICE Canada Weekly: Attention on canola to soon turn from yields to demand - Grainews](https://feedsoft.ai/events/12830-ice-canada-weekly-attention-on-canola-to-soon-turn-from-yields-to-demand.md) | -3.6% | -7.7% |
| SBO | 2019-05-22 | [Trade War Adds to Headaches Faced by Palm Oil Industry - Caixin Global](https://feedsoft.ai/events/59194-trade-war-adds-to-headaches-faced-by-palm-oil-industry-caixin-global.md) | +2.2% | +4.5% |
| SBO | 2023-03-15 | [Canola supplies from Australia continue to put pressure on canola prices in the EU](https://feedsoft.ai/events/36957-canola-supplies-from-australia-continue-to-put-pressure-on-canola-prices-in-the.md) | +1.9% | -3.8% |

## Sources

- canolacouncil.org: https://www.canolacouncil.org/news/canola-industry-urges-tpp-implementation-to-keep-canadian-canola-competitive/

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