December 3, 2014
Grain Growers look forward to implementation of Canada-Korea Free Trade Agreement
OTTAWA, December 3, 2014 – The Grain Growers of Canada today welcomed the Government of Canada’s announcement that the Canada-Korea Economic Growth and Prosperity Act has received royal assent coinciding with the passage of the Canada-Korea Free Trade Agreement (CKFTA) ratification bill in the South Korean Parliament.
“South Korea is a valuable market for Canadian grain producers,” said Gary Stanford, President of the Grain Growers of Canada. “The January 1, 2015 implementation timeline will allow the benefits of this trade agreement to be felt quickly across Canada’s agriculture and agri-food sector.”
The CKFTA will result in the elimination of tariffs on nearly 90 per cent of Canada’s current exports. This will give Canadian agricultural products preferential access to the South Korean market, placing them on a level playing field with South Korea’s current trade partners, such as the United States and the European Union.
“Grain Growers members strongly support an aggressive free trade agenda, and we commend the work of the Federal Government in negotiating this historic agreement,” said Matt Sawyer, Chair of the Grain Growers Trade and Marketing Committee. “Gaining access to the extensive and growing South Korean markets will mean economic certainty for many years to come.”
The Grain Growers of Canada provides a strong national voice for over 50,000 active and successful grain, oilseed and pulse prducers through its 14 provincial and regional grower groups, representing wheat, durum, barley, canola, oat, corn, soybean, pea, lentil, rye, and triticale farmers from across Canada. Our mission and mandate is to pursue a policy environment that maximizes global competitiveness and to influence federal policy on behalf of independent Canadian grain farmers and their associations.