South Korea has lifted its temporary ban on imports of beef and veal from Canada, effective December 30, 2015. The country, which was Canada’s sixth-largest market for beef in 2014, suspended imports following the detection of BSE in an Alberta cow in February of 2015.
“Resumption of access to South Korea is important for Canada’s beef producers. South Korea holds huge potential for beef and especially cuts and offals that are underutilized here at home,” noted Dave Solverson, president of the Canadian Cattlmeen’s Association on Thursday. “Korea is a market that will pay more for those select items and that helps to increase the overall value of the animal for producers.”
International Trade Minister Chrystia Freeland also celebrated the decision by the Korean government: “This is welcomed news as we celebrate the one year anniversary of the Canada-Korea Free Trade Agreement on January 1, 2016. South Korea is an important market for Canadian exporters and this positive development is a testament to our close commercial relationship.”
Canada was the fourth largest exporter of beef to South Korea in 2014 with exports valued at C$26 million, following Australia, the United States and New Zealand.