Free trade deal with South Korea - Canadian aluminium stands to gain better access!
MONTREAL, March 12, 2014 /CNW Telbec/ - "The free trade agreement with South Korea is an additional step towards increasing open markets for the Canadian aluminium industry following the recent agreement with the European Union. "Right from the outset, this agreement will reduce existing tariffs by 98% which can go up to 8% depending on the type of aluminium product", according to Jean Simard, President and Chief Executive Officer, Aluminium Association of Canada.
The agreement, says Mr. Simard, "will contribute to the increase of our annual $180 million exports to South Korea, while increasing our footprint in Asia, a growth market for the future."
On behalf of Canada's aluminium industry, Mr. Simard applauds the excellent work accomplished by the Canadian negotiator, the Honourable Ed Fast, Minister of International Trade,
About the Aluminium Association of Canada (AAC)
The Aluminium Association of Canada groups together Canada's three largest aluminium producers. These companies operate nine aluminium smelters in Canada, eight of which are located in Québec, and employ more than 10,000 people.
SOURCE Aluminum Association of CanadaFor further information:
President and Chief Executive Officer
514-288-4842 or 514-825-6593