BC andcherries will soon start appearing on the Korean market thanks to an ongoing free trade agreement between the two countries.
It has been done for years to better position the British Columbia cherry harvest in trade agreements, according to a federal press release.
Under the Canada-South Korea Free Trade Agreement, which has been in effect since 2015, tariffs on Canadian cherries have been reduced from 24% to 4.8%, and will be completely eliminated by 2024. .
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. Colombia's long-term strategy to grow the international market for cherries while securing the best prices, according to a government press release.
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In 2021, South Korea imported more than $208 million worth of fresh cherries from around the world.
"British Columbia's cherry industry produces 95% of Canada's sweet cherries, including premium new cherries bred at Agriculture and Agrifood Canada's research center in Summerland, British Columbia. Thanks to the cherry variety, we have the opportunity to grow even more.”
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With recent acreage and production expansion and global demand, sweet cherries are now becoming blueberries. It is Canada's second largest export fruit crop.
BC We also have the latest cherry harvest, with some varieties only ready for market by his August and September. This provides a competitive advantage over all other North American markets that traditionally harvest cherries early in the season.
“The B.C. We are very pleased that the efforts of the industry have secured access to the Korean market for Canadian cherries.”
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"Our growers and industry partners look forward to building long-term relationships with Korean customers and can't wait to see maple leaf-branded cherries in stores across South Korea."
Canada's sweet cherry exports continue to grow each year, reaching $78 million in 2021. In the agricultural trade, South Korea was her sixth largest export destination for Canadian agricultural and seafood products in 2021.
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