China has approved four additional Canadian beef facilities that will now be able to export beef to China, Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast announced today. The newly approved establishments will increase the Canadian export capacity for beef in a market estimated by the industry to be worth approximately $20 million annually.
“This important step sets the stage to further trade opportunities in China for our beef producers,” said Minister Ritz. “Our government’s top priority remains the economy, and by expanding markets in dynamic countries like China, we are helping Canadian producers increase their bottom line, which leads to more jobs, prosperity, and economic growth.”
The following establishments can now export to China: Les Viandes Laroche Inc (Asbestos, Quebec), Ryding Regency Meat Packers Ltd. (Toronto, Ontario), St. Helen’s Meat Packers Limited (Toronto, Ontario), and Canadian Premium Meats Inc. (Lacombe, Alberta).
According to Canada Beef Inc., the Chinese market for Canadian UTM deboned beef is estimated at about $20 million annually, and once full market access is achieved the Chinese market for Canadian beef and cattle is expected to be worth $110 million. China is Canada’s third-largest trading partner, with a two-way trade of over $64.5 billion dollars in 2011, including $3.4 billion in agriculture and agri-food products.