Canada and South Korea have reached a free trade agreement after nine years of negotiations. The agreement could go into effect as early as 2015 and will apply to almost all goods manufactured in the two countries.
South Korea, which has a population of nearly 50 million, is Canada’s seventh-largest trading partner and a highly attractive market for any company in Québec. In fact, Canadian exports to South Korea stood at $3.7 billion in 2012.
The agreement will create opportunities for Québec companies in sectors as varied as agriculture, aerospace, forest products, textiles and fisheries.
March 12, 2014