Collapse of WTO Negotiations Will Have Devastating Impacts for Canadian Farmers

    GENEVA, Switzerland, July 29 /CNW/ - The Canadian Agri-Food Trade
Alliance (CAFTA) is bitterly disappointed at today's collapse of negotiations
at the World Trade Organization (WTO), a development they say will cost
Canadian agricultural exporters close to $10 million per day in lost potential
    "Bilateral agreements are a poor substitute for a WTO trade agreement,"
says Darcy Davis, President of CAFTA. "Bilateral agreements don't address
domestic support payments and export subsidies, the real culprits robbing
Canadian farmers of potential export markets. Bilateral agreements may build
upon multilateral rules for certain products in certain markets but they
cannot substitute for a new WTO trade agreement.
    "Canada is a trade-dependent nation, and the collapse of these talks is
bad for all Canadian exporters at a time when the strength of the Canadian
dollar has already seriously negatively impacted our ability to trade," adds
    CAFTA will be urging Ministers to provide strong support for a renewed
multilateral effort to get back to the trade negotiating table.

For further information:

For further information: Canadian Agri-Food Trade Alliance, Ottawa
office, (613) 560-0500; Cindy McCreath, (403) 615-1526,

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