Tuesday, September 23, 2014

Trade pact signed with South Korea

South Korean president Park Geun-hye was in Ottawa Monday to join Prime Minister Stephen Harper in signing the final text of a trade agreement.

Canadian beef and pork producers expect the deal will increase their markets in South Korea.

South Koreans expect it will increase sales of Hyundai and Kia cars in Canada.

Harper said the deal opens the door to other trade deals in the Pacific region. Canada has started direct trade talks with Japan and both are involved in the Trans-Pacific Partnership trade negotiations that include the United States, Australia, New Zealand, Vietnam and other Asian nations.

Later this week European leaders will be in Ottawa to sign that trade agreement.