February 05, 2014 14:00 ET
Canada-EU Trade Agreement to Boost Economic Growth of Saskatchewan
SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 5, 2014) - Agriculture and Agri-Food Canada
Agriculture Minister Gerry Ritz today addressed the 2014 Saskatchewan Agriculture Trade Summit where he highlighted how Saskatchewan producers are profiting from Canada's international trade and investment plan, including the forthcoming Canada-EU trade agreement.
Minister Ritz outlined how the Canada-EU trade agreement will create jobs, open new markets and unlock growth opportunities in the European Union for Saskatchewan's producers, processors and exporters. Once the Canada-EU trade agreement is fully implemented, grains such as wheat, barley and oats, and oilseeds such as canola, including canola oil, will gain duty free access to the EU, a market of more than 500 million consumers. The Canadian livestock sector will also benefit from new duty-free tariff quotas for exports of 150,000 tonnes collectively.
Minister Ritz also highlighted recent work with the grain industry to help implement a system to support performance management and generate new efficiencies throughout the supply chain to resolve logistics issues caused by this year's bumper crop and supply chain underperformance.
"By creating trade and business opportunities around the world, we are increasing farmers' profitability and contributing to the economic growth of Saskatchewan and all of Canada. As shown by the Canada-EU trade agreement, our government continues to take every opportunity to encourage open trade and promote innovation."
"Agriculture can and will continue to prosper and drive our economy to new heights. Saskatchewan's farmers grow world-class food in a global marketplace that is ripe with opportunity."
Canada-EU trade agreement benefits for Saskatchewan (Canada's Economic Action Plan)
Comprehensive Economic Trade and Agreement (Canada's Economic Action Plan)
Jeff EnglishDirector of CommunicationsOffice of the Honourable Gerry Ritz613-773-1059Media RelationsAgriculture and Agri-Food Canada613-773-79721-866-345-7972Follow us on Twitter: @AAFC_Canada
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