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The Authorities of Canada has gained market entry to South Korea for British Columbia’s high-quality contemporary cherries.
Canada has been working collaboratively with South Korea to achieve entry for contemporary cherries since 2015. Elevated exports into South Korea has been a part of British Columbia’s long-term technique to develop worldwide markets for cherries, whereas securing the perfect worth.
The Honorable Marie-Claude Bibeau, who’s Canada’s Minister of Agriculture and Agri-Meals commented on the announcement:
“With new entry to the South Korean market, growers in British Columbia can proceed to showcase their cherries world wide and broaden buying and selling relationships. This step demonstrates our authorities’s dedication to get Canadian companies into new and current markets and stimulate financial progress.”
Bilateral commerce with Korea continues to develop – the Canada-Korea Free Commerce Settlement, carried out in 2015, has considerably facilitated the expansion of bilateral commerce, by way of its tariffs reductions (from 24 p.c to 4.8 p.c, with full elimination by 2024) and the predictable and clear enterprise atmosphere it creates for respective industries.
The President of the British Columbia Cherry Affiliation, Sukhpaul Bal mentioned: “Our growers and trade companions look ahead to constructing long-lasting relationships with Korean clients and can’t wait to see cherries branded with the maple leaf in shops throughout South Korea.”
South Korea stays a precedence buying and selling accomplice for Canadian agri-food merchandise. This new entry offers extra alternatives for Canadian growers to diversify their exports within the Indo-Pacific area.
“By regularly advocating for truthful market entry, our authorities is supporting our farmers, our employees and their communities. As we speak’s announcement […] offers Canadian farmers with new methods to ship their world-class merchandise to a rising market,” mentioned the Honorable Mary Ng, Minister of Worldwide Commerce, Export Promotion, Small Enterprise and Financial Improvement.
In agricultural commerce, South Korea was the sixth-largest export vacation spot for Canadian agri-food and seafood merchandise in 2021.
“Canada and South Korea get pleasure from an vital buying and selling relationship, constructed on longstanding people-to-people ties and shared values, and this announcement displays simply that,” added Mary Ng.
Candy cherries have now grow to be Canada’s second largest exported fruit crop behind blueberries, with exports persevering with to develop every year, reaching $78 million in 2021. British Columbia’s cherry trade produces 95 p.c of Canada’s candy cherries.
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