Canada's meat industry says it stands to lose hundreds of millions of dollars a year unless Ottawa moves more quickly to sign a free-trade agreement with South Korea.
Earlier this month, the United States signed such a trade deal, which means its beef and pork producers will face much lower tariffs than their Canadian counterparts.
The Canadian Pork Council warns that without a similar deal, Canada could lose $300 million a year in business, as well as farm and meat processing jobs.
"With the recent ratification of the Korean free-trade agreement by the U.S. Congress, the Canadian red meat industry is very concerned that further delay in concluding Canadian free-trade talks with South Korea will seriously undermine the competitiveness of the pork and beef sectors," said council chairman Jurgen Preugschas.
"It would put more of our producers out of business." More
No comments:
Post a Comment