Farms.com Home   Ag Industry News

South Korean trade deal good news for Canadian agriculture

By Amanda Brodhagen, Farms.com

The Canadian-Korea Free Trade Agreement was signed on Tuesday in Ottawa by Prime Minister Stephen Harper and Korean President Park Geun-hye.

The deal was welcomed by the agricultural industry who say that the free-trade agreement with South Korea will provide Canadian farmers with equal opportunity to compete against some of their main competitors - including the United States, E.U. and Australia – who all currently have trade agreements with the Asian country.

John Masswohl, a spokesperson for the Canadian Cattlemen’s Association, said that Korea is one of Canada’s top-five importers of beef. Trade access will allow Canadian beef farmers to export beef and compete with their American counterparts to sell parts of the animal, like the stomach and intestine – meat cuts don’t really have a market domestically.

In the PMO’s office internal “24 Seven Excusive” episode, Masswohl acknowledges that while the trade deal has taken a long time to come through, Prime Minister Stephen Harper made sure that the agreement provided an ideal opportunity that would be beneficial to the Canadian beef sector.

According to government officials, Korea’s 40 per cent tariff on Canadian beef products will be dropped to zero over time, a package that is also outlined in the U.S. trade deal with South Korea. Similarly, for canola, the five per cent tariff will be eliminated imminently when the agreement officially takes effect, while canola oil and crude oil tariffs will be phased out over three and seven year time periods.

Dan Paszkowski, a representative for the Canadian Vintners Association, is confident that the new partnership with South Korea will boost tourism for wine country. He said that witnessing the signing of the agreement was “very memorable” for his industry.

The trade agreement is worth about $10 billion annually. Later this week, Harper is expected to announce the details of the trade agreement with the European Union. The 24 Seven Exclusive on the Canada-Korea Free Trade Agreement can be viewed at pm.gc.ca.


Trending Video

Inside New Holland's NEW Roll-Belt 561 Baler

Video: Inside New Holland's NEW Roll-Belt 561 Baler


Join Alex Berwager, livestock and dairy business manager for New Holland North America, for a detailed overview of the 2026 New Holland Roll-Belt 561 Specialty Crop Plus Baler. Key Features — Enhanced Capacity: Optional dual-roller wind guard (8.4" front / 6" rear) maintains consistent crop flow into the bale chamber. — Integrated Technology: Active Weigh Bale Scales with built-in gyro provide accurate, real-time bale weights that adjust for slope. — IntelliView 4 Plus Display: Consolidates bale weight, moisture data, and operational controls while sending key metrics to the FieldOps cloud platform. — Durable Construction: New 7 mm thick forming rolls and a one-piece tube design improve reliability and maintain New Holland’s tight-core, square-shoulder bale standards.