Port Metro Vancouver issued an announcement welcoming news of the signing of the Canada-Korea Free Trade Agreement yesterday in Ottawa. The agreement will significantly boost Canada’s trade with South Korea, as well as provide strategic access for the Canadian import and export market to a key gateway to the wider Asia-Pacific region.
“This is a historic agreement,” said Robin Silvester, President and CEO, Port Metro Vancouver. “South Korea is the port’s third-largest trading market, and an important trade partner for Canada in Asia. We look forward to facilitating the increased trade to Asia this agreement will bring, to the benefit of Canadians across the country”
The agreement will benefit important sectors of Canada’s export economy, including metals and minerals, forestry products and agriculture products. South Korea is a key market for Canada’s resources, which come from provinces across the country. The top five export commodities to South Korea are thermal and metallurgical coal, wood pulp, lumber, ores and concentrates.
portmetrovancouver.com