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Statement by the Prime Minister of Canada on the resumption of Canadian beef and cattle exports to South Korea
“Our Government is very pleased that South Korea has decided to reopen its market to Canadian beef and cattle. This decision confirms what we have been saying all along: Canadian cattle, beef and beef products are safe, high quality, and should be available in countries around the world.
“Today’s announcement demonstrates that our Government is working hard to create jobs and revenue for Canada’s beef and cattle farmers by maximizing access to international markets.
“While this relationship will be very beneficial to Canada’s beef industry, our Government remains confident that this decision will also help create a favourable climate which will lead to a deeper trade relationship with South Korea – a priority market for Canada.
South Korea is Canada’s seventh largest merchandise trading partner and our third largest in Asia, after China and Japan. Canada-South Korea two-way merchandise trade was valued at $9.8 billion in 2010. Canadian merchandise exports to South Korea were $3.7 billion, while Canadian merchandise imports were $6.1 billion.
