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Agriculture and RCEP

Asian leaders gather this Sunday to hopefully put the final touches on a trade agreement called the Regional Comprehensive Economic Partnership (RCEP). The negotiations have taken eight years and, as usual, the word comprehensive does not apply to agriculture. Likely exempt from tariff reductions or elimination are products like sugar, rice, beef, pork, and dairy.  Except for rice, imports as a share of production of these goods in East Asia already runs much higher than in North America. Increasing dependency is too politically sensitive for many of the participants. The value of rice is three times greater in Brunei, Japan, and South Korea relative to Vietnam, Malaysia, and Thailand. Yet because of higher trade volumes, reducing bor...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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