The president of the Canadian Beef Association says there is no lack of demand for Canadian beef in South Korea, but the country’s import tariff system makes it difficult for Canadian beef to compete with meat from the United States and Australia. It is said that there is
Nathan Finney and other representatives from CCA and Canada Beef were in South Korea last week accompanying Canadian Trade Minister Mary Ng on a trade mission.
“We met with some retailers and restaurant chain owners, and they really like our product. “I love the sex, but the biggest problem we’re facing right now is that when we signed the bilateral agreement a few years ago, we had very high tariffs,” he said. He explained in the interview below. “It will eventually be phased out over time and go to zero. But at the moment, the US has an 8% tariff advantage over our country, and Australia has just around 5%. has the advantage of
He said Canadian industry got a taste of what market access to South Korea would be like during the COVID-19 pandemic, when import duties were reduced to zero for food security reasons. He noted that Canadian shipments increased by 165% in that short period of time.
Finney acknowledged that the bilateral trade agreement signed by the Canadian government in 2014 remains in effect, with the CCA lowering import tariffs on par with the U.S. and leveling the playing field for exports to key markets in the Indo-Pacific. He stated that he will continue to make efforts to achieve this goal.
Having just returned from South Korea, Finney and other CCA members are repacking their belongings and heading to Hermosillo, Mexico, to attend the annual meeting of the National Federation of Ganaderas, which represents 800,000 ranchers across Mexico. He said the meeting in Mexico will include tripartite talks with the United States on voluntary country-of-origin labeling and a review of the upcoming North American trade agreement.
Watch the latest from RealAgriculture’s Shaun Haney and Nathan Phinney during trade missions to South Korea and Mexico:
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