Towards a Canada-Japan economic partnership agreement

By contrast, the composition of Alberta’s sales to the world shows an increase in the importance of energy exports, due to increases in the price of oil and the volume shipped to the US. [...] Japan’s NTBs are wide-ranging and have been the target of the EU, the US, and the WTO. [...] The latter arrived at estimates of possible gains for Canada of 0.32% of GDP, $3.8 billion in 2001- dollars, and 0.17% of GDP for Japan by applying a commonly used computable general equilibrium (CGE) model.4 The potential benefits of, and obstacles to, an economic partnership agreement with Japan are the subject of a new joint study announced by the Minister of International Trade in February 201 [...] This is due to the fact that so much Alberta’s exports consist of energy exports in the form of oil and gas to the US. [...] For Durum Wheat and for Barley, the in-quota tariff lines are zero; for Meslin and Wheat, the in-quota tariff lines are 20% and 0% respectively.12 When analyzing the effect of tariff quotas, and corresponding in and out of quota tariffs, it is important to determine whether quotas are actually exceeded from year to year.