More World-Class Canadian Lobster Being Shipped to South Korea
The Canada-Korea Free Trade Agreement will create opportunities from coast to coast to coast
June 14, 2014 - Erin O’Toole, Parliamentary Secretary to the Minister of International Trade, today visited Gateway Facilities, ULC in Halifax, Nova Scotia, where he met with workers as they assembled another weekly shipment of lobster from Canada to South Korea.
Gateway Facilities which specializes in the shipping of perishable goods around the world, ships 40,000 kilograms of Canadian lobster to South Korea each week. The company’s new 40,000 sq. ft. facility is located at Halifax Stanfield International Airport.
Last month, Korean Air Cargo launched a weekly lobster shipment to Incheon, South Korea, out of Halifax Stanfield International Airport. The new service will not only help develop the South Korean appetite for fresh Atlantic Canadian lobster but will also provide a gateway to the entire Asia-Pacific region.
Lobster is Canada’s most valuable seafood export. In 2013, Atlantic Canada’s exports of lobster were worth $904.6 million and accounted for 95 percent of all Canadian lobster exports.
Canada’s exports of lobster to South Korea averaged $16.9 million annually between 2010 and 2012 and accounted for nearly 37 percent of Canada’s total fish and seafood exports during that period.
“Under the recently concluded Canada-Korea Free Trade Agreement, current South Korean duties of up to 20 percent on imports of Canadian lobster products will be eliminated,” said Parliamentary Secretary O’Toole. “This duty-free access will give Canadian exporters preferential access to the South Korean market and create a level playing field with South Korea’s existing free trade agreement partners.”
The elimination of duties on lobster imports is yet another example of how the opportunities created by the Canada-Korea Free Trade Agreement will stretch from coast to coast to coast.
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For further information, media representatives may contact:
Office of the Honourable Ed Fast
Minister of International Trade
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