Question

In: Economics

What is export challanges of wheat and rice in Canda in term of technology ?

What is export challanges of wheat and rice in Canda in term of technology ?

Solutions

Expert Solution

Canada's agri food sector spans a wide range of industries from primary agriculture to food, sea food and beverage processing. Canada's success in agro food sector is primarily because of its  favourable conditions for food production. Its agri food sector is mainly export oriented.

Despite a record growth of wheat exports , canadian wheat prices have declined sharply of late.

What are the Export challenges faced by CANADA in the agri food sector in terms of technology:

  • The sector faces intensive competition from both domestic and Global markets.
  • There should be a easy and speedy regulatory system and organisational structures.
  • A favourable atmosphere for businesses to invest is lacking
  • Tight labor markets restricting access to foreign workers .
  • Developing skill sets for labor
  • Trade barriers
  • Internal regulatory barriers
  • Interconnected transport system should be free from any hassles.
  • Need to build a state of the art IT infrastructure and network
  • To invest in new emerging technologies
  • Complete digital transformation
  • Focus on rural areas to increase the broad band connection
  • Labor shortage.

Conclusion : The global agri food market will be highly competitive and more challenging in the years to come. As one of the leading exporters in the agri food markets Canada has to seize the opportunity for a significant share in the global markets by achievieng its goals and practising new levels of innovations and adopting new stragies.


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