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Classified in: Business
Subjects: FOR, TRD

Canada expands agri-food market access in China



OTTAWA, Dec. 7, 2017 /CNW/ - Agriculture and Agri-Food Canada and Global Affairs Canada

Trade is a priority for the Government of Canada as a key driver of the economy, helping to creating new market opportunities for Canadian businesses, including for Canada's farmers and food processors.

Ongoing efforts by the Government of Canada to strengthen trade ties with China, including the Prime Minister Justin Trudeau's trade mission to that country which wrapped up today, have helped secure expanded market access for Canadian pork and beef to China.

The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, and the Honourable François-Philippe Champagne, Minister of International Trade, underscored the importance of the announcement that Canada and China are committed to increasing access for Canadian agricultural products to Chinese markets, which will help Canadian farmers by creating growth in the agricultural sector.

Agricultural developments are as follows:

As distribution chains and marketing in China for Canadian chilled and frozen meat products are developed, Canadian meat industry estimates the increased export values could be upwards of $100 million for pork and $125 million for beef over the next five years.

This expanded access and ongoing exploratory discussions towards a comprehensive trade agreement help the Government of Canada's twin goals to grow Canada's agri-food exports to at least $75 billion annually by 2025, and to double bilateral trade with China by 2025.

Quotes

"China is a priority market offering significant economic opportunities for our Canadian farmers and food processors. A stronger Canada-China trade relationship will unlock the untapped potential in our two countries' agricultural ties, helping to expand the growth of the sector and create well-paying jobs for Canadians."
-          Hon. Lawrence MacAulay, P.C., M.P., Minister of Agriculture and Agri-Food

"Canada and China are long-standing trading partners and expanding market access for Canadian pork and beef in this vast and growing market will lead to increased trade and investment. This is great news for Canadian farmers and exporters as we continue to pursue a progressive trade agenda that works for people and benefits the middle-class."
-          Hon. François-Philippe  Champagne, P.C., M.P., Minister of International Trade

Quick facts

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SOURCE Agriculture and Agri-Food Canada


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News published on 7 december 2017 at 18:38 and distributed by: