This is good news for Canadian agriculture as it nicely establishes a customs union between Japan, Australia and populous Vietnam as well. In particular, we can expect to see ample initiatives among Canadian farmers to supply well established Japanese market niches. We have everything the Japanese crave in spades.
Beef is an obvious item of course and someone is already starting a Wagyu herd in partnership with the Japanese.
Better yet is that the agreement addresses uniform regulation as that is always a probnlem.