World trade in agricultural products has almost tripled in value over the past decade, with some regions increasing net exports and net imports in some regions. Given the importance of food imports for food security and the role of exports in income- trade is an essential part of the development strategies of most countries, including post-Soviet countries. That is why free trade agreements aim to remove international trade barriers. In this case, Canada will export its agricultural products to the European Union without export duties through the European Union Comprehensive Economic and Trade Agreement (CETA). According to the Canadian government, ”when CETA comes into force, almost 94% of EU agricultural tariff lines will be exempt from tariffs and, seven years later, this figure will exceed 95%” (paragraph 11). This trade agreement has two benefits for the Canadian agricultural sector. First, Canada will allow its agricultural products to be exported to the European Union trade bloc; increase their volume of exports to the EU. Some of Canada`s agricultural products exported through preferential access to the EU market are beef, bison and pork, which will benefit Canadian companies engaged in the processing and distribution of pork and beef products. Under the provisions of the Canada-EU free trade agreement, most agricultural products from Canada will eliminate their tariffs. Some of these products, which are generally subject to tariffs on the EU market; Includes cereals such as oats, wheat and medium-quality barley; durum wheat; And processed products such as pulsed flooring, baked goods, flour and powder (Government of Canada, 2014). On January 15, 2020, the United States signed a Phase 1 trade agreement with China. As a result of the agreement, China agreed to buy at least $80 billion worth of agricultural products over the next two years and buy at least $40 billion a year.
Some amounts for the purchase of products have not been released. Introducing Agricultural Trade to the WTO Links with the Agricultural Department of the WTO`s ”Understanding wto” Guide Another key feature of international trade is the extension of the number of regional trade agreements (ATRs) with the increasing complexity of coverage and content. ATRs tend to set more detailed rules on trade and economic integration than multilateral agreements. It is therefore important to understand how agriculture is treated in ATRs and what are the similarities and differences with WTO rules. These data indicate that the signing of a free trade agreement between Canada and the European Union and Korea will increase agricultural exports to European and Asian agricultural markets. In the past, tariffs have been seen as significant barriers to international trade, including agricultural exports. That is why the World Trade Organization (WTO) has invoked the agricultural agreement to facilitate international trade in agricultural products. For example, the 1994 agricultural agreement was intended to require Member States, including Canada, to reduce distortions in agricultural trade. These measures included reducing tariffs, reducing export subsidies for agricultural products and introducing tariff quotas to replace non-tariff barriers.