OTTAWA, ONTARIO--(Marketwired - Feb. 5, 2014) - The following corrects and replaces the release sent out at 12:45 PM EST on January 5, 2014.
Agriculture and Agri-Food Canada
Taiwan and Canada have signed an arrangement to expand market access to include Canadian bone-in beef and other specified beef products from animals under 30 months of age (UTM). The arrangement will level the playing field for Canadian beef producers and generate export opportunities to the lucrative Taiwanese market.
Under the arrangement signed on February 3, implementation will occur no later than 30 days from the date it was signed. This arrangement will help Canadian beef exporters expand their sales into this market, while also benefiting Taiwanese consumers who will have greater access to Canada's safe, high-quality beef.
- Canada currently ships boneless UTM frozen, fresh and chilled beef to Taiwan. In 2012, Canadian total exports of these beef products were valued at $1.4 million, ranking Taiwan as Canada's 18th largest beef export market.
- Since the bovine spongiform encephalopathy (BSE) outbreak in 2003, government and industry have been working hard to reopen markets and gain full access for Canadian beef, based on science and guidelines established by the World Organization for Animal Health. In June 2007, Canada regained access to Taiwan for boneless beef derived from UTM animals.
- In 2002, the year prior to the BSE ban, Canadian beef exports to Taiwan were valued at $19.8 million, ranking Taiwan as Canada's 5th largest export market for beef.
- Canada Beef expects the market for UTM bone-in beef to be $3.25 million in 2015, with potential to grow to $10 million a year.
- In 2012, Canada exported beef to over 65 markets, for a total value of $1.2 billion.
"Our government welcomes Taiwan's science-based decision to expand market access for Canadian beef. Advancing agricultural trade in growing Asian markets like Taiwan is just one way our government is helping our agriculture exporters boost their competitiveness around the world."
Gerry Ritz, Agriculture Minister
"Economic growth is a key priority for our government, and that's why we are working to create new market opportunities for the Canadian cattle and beef industries. New access creates new sources of prosperity and jobs for Canadian businesses of all sizes and their workers."
Ed Fast, International Trade Minister
"Our industry is very well positioned to take advantage of this expanded access. The federal government has been working tirelessly to provide market access and we are ready to turn this into value for Canadian beef and veal producers."
Chuck MacLean, Canada Beef Chair
Canadian Trade Office Welcomes Move Towards Greater Beef Access