Canada-Korea Free Trade Agreement is Great News for Barley Industry

(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 09/22/14 -- The Barley Council of Canada (BCC) is pleased with today's announcement that the Canada-Korea Free Trade Agreement (CKFTA) has been signed.

The Council is now proposing quick implementation of the agreement to benefit the Canadian barley value chain.

"This is great news, as the signing of CKFTA will make Canada competitive in this gateway market," said BCC Chair Brian Otto. "We welcome the signing and are calling on the Canadian and Korean governments to move quickly and implement this agreement in early 2015."

The agreement will gradually remove historical high tariffs on Canada's agri-food exports. This will give malt exports a significant boost, as Canada already exports over 25,000 tonnes per year on average to South Korea.

"Bilateral trade agreements like this are the pillars of agriculture and our economy," said Otto. "The CKFTA will be revolutionary for Canada's barley industry-we can now expand our presence in Northeast Asia."

Upon implementation, the CKFTA is also expected to result in significant profits for the beef and pork industries.

"We're looking for sustainable results-the beef and pork industry's gains will benefit barley's feed exports as well," added Otto. "Over 80 per cent of our harvested barley goes towards feed production for livestock."

Canada is the world's fifth largest agri-food exporter in the world, generating more than $40 billion each year through its beef, malting barley, pork, wheat and canola supply.



Contacts:
The Barley Council of Canada
Caitlan Carver
Public Relations Coordinator
403-219-6263

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 22.09.2014 - 20:24 Uhr
Sprache: Deutsch
News-ID 338092
Anzahl Zeichen: 0

contact information:
Town:

CALGARY, ALBERTA

Kategorie:

Farming

Diese Pressemitteilung wurde bisher 212 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Canada-Korea Free Trade Agreement is Great News for Barley Industry"
steht unter der journalistisch-redaktionellen Verantwortung von

The Barley Council of Canada (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Barley Council of Canada Applauds Amendments to Plant Breeders' Rights Act ...

CALGARY, ALBERTA -- (Marketwired) -- 02/27/15 -- The Barley Council of Canada (BCC) is pleased with the changes to the Plant Breeders' Rights (PBR) legislation found in Bill C-18, which recently received Royal Assent."The BCC sees the ame ...

Barley Council of Canada Announces Newly Appointed Directors ...

CALGARY, ALBERTA -- (Marketwired) -- 02/12/15 -- The Barley Council of Canada (BCC) is pleased to announce it has approved the appointment of five new directors at its annual general meeting today in Calgary, AB.The BCC is made-up of a diverse cros ...

Barley Council Applauds CETA News ...

CALGARY, ALBERTA -- (Marketwired) -- 10/18/13 -- The Barley Council of Canada (BCC) applauds today's news that the Government of Canada and the European Union have reached an agreement in principle on the Comprehensive and Economic Trade Agree ...

Alle Meldungen von The Barley Council of Canada