Agriculture and Fishing Sector
If your company is in Canada's agriculture and fishing sector, Canada’s free trade agreements (FTAs) and foreign investment promotion and protection (FIPAs) are creating opportunities for businesses like yours.
The agriculture and fishing sector is broad, encompassing the farm input and service supplier industries, primary agriculture and fishing products.
Canadian agriculture and fishing companies are looking beyond the border for new business opportunities, and they are finding them. In 2011 Canada was the leading exporter of agricultural and fishing products in the world, with exports valued at $21.4 billion. Further, international companies are finding that Canadian agriculture and agri-food companies make great partners.
The agriculture and fishing sector is an important part of the rural Canadian economy, directly employing 305,600 people and accounting for 1.1 percent of total GDP. That is why the Government of Canada is ensuring that the needs of companies in this sector are reflected in government-to-government commercial agreements such as FTAs and FIPAs.
- Canadian negotiators on the Canada-European Union comprehensive economic and trade agreement are seeking new and expanded market access for key agricultural exports such as beef, pork, grains and oilseeds, fruits and vegetables and processed foods.
- Under the Canada-European Free Trade Association (EFTA) Free Trade Agreement (implemented in July 2009), several agricultural exports can enter the EFTA market duty-free, while others receive a preferential rate of duty. For example, tariffs on the import of Canadian frozen french fries into Iceland have been reduced by about 30 percent and into Norway by 15 percent. The agreement also gives preferred access for Canadian exporters of durum wheat, frozen blueberries, canola oil, honey and other products.
- The Canada-Peru Free Trade Agreement (implemented in August 2009) eliminates or reduces tariffs (which ranged up to 25 percent) on nearly all agricultural and agri-food products.
- The Canada-Colombia Free Trade Agreement (implemented in August 2011) eliminates or reduces tariffs (which ranged up to 108 percent) on Canadian exports of nearly all agricultural and agri-food products.
- The Canada-Jordan Free Trade Agreement (implemented in October 2012) eliminates or reduces tariffs (which ranged up to 23 percent) on Canadian exports of nearly all agricultural and agri-food products.
For more information about new international business opportunities and how Canada’s FTAs and FIPAs can help your company in a particular market, please contact a trade commissioner or check out the Trade Commissioner Service website.
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