Agreement imperative to restore level playing field for Canadian firms
and protect and create jobs for Canadian workers
TORONTO, Feb. 10, 2014 /CNW/ - Companies and organizations representing
key sectors in Ontario and across the country, have written a joint
letter to Prime Minister Harper, urging the Government of Canada to
successfully conclude a free trade agreement with South Korea.
"Only the conclusion of an FTA with South Korea will protect and create
jobs by restoring a level playing field for Canadian companies and
workers, and reversing the ongoing economic eviction of Canadian
companies from the South Korean market.
"This continuing eviction of Canadian companies from the strategically
important Korean market, and our competitive disadvantage, threatens
Canadians' prosperity and jobs.
"Our export-oriented sectors are eager to see Canada negotiate and
conclude a free trade agreement with Korea to secure our access to that
market, and through it, the larger Asia-Pacific region."
The letter has been signed by the following companies and organizations:
Aerospace Industries Association of Canada / Winery & Grower Alliance of
Ontario / Maple Leaf Foods Inc. / BlackBerry / Beef Farmers of Ontario
/ Alliance of Ontario Food Processors / I.E Canada / Pulse Canada /
Canadian Cattlemen's Association / Canadian Pork Council / Canadian
Agri-food Trade Alliance / Malting Industry Association of Canada /
Canadian Meat Council - Conestoga Meat Packers Ltd / Sunworld Farms Ltd
/ Cargill Beef Canada / Ontario Bean Growers / Canada Pork
International / Quality Meat Packers Ltd / Ontario Pork / Fur Institute
/ Pet Food Association of Canada / North American Fur Auctions / Canola
Council of Canada / Grain Growers of Canada / Canadian Canola Growers
Association / Andrew Peller Limited / Spirits Canada / Canadian
Vintners Association / The Mining Association of Canada
Negotiations with South Korea were launched nearly 9 years ago. A
lucrative market of 50 million consumers and a key hub of the Asian
supply chain, South Korea is Canada's 7th largest trade partner, and 3rd largest in Asia.
The United States, European Union and, most recently, Australia have all
concluded Free Trade Agreements (FTAs) with South Korea. Consequently,
this has put Canadian exporters at a significant competitive
disadvantage in that market.
In the first year since the Korea-US FTA took effect in 2012, Canada's
exports to Korea dropped by 30% (over $1.5 billion).
PDF available at: http://stream1.newswire.ca/media/2014/02/10/20140210_C8748_DOC_EN_36505.pdf
SOURCE: Companies and organizations representing key manufacturing sectors in Ontario and across Canada
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