Korea-Canada sign FTA.


Here’s an infographic summarizing the impact of the new Korea-Canada Free Trade Agreement. For those living in Korea, look forward to cheaper beef prices as Canada joins the listing of beef importers: US, New Zealand, and Australia. Korea agrees to cut import tariffs on Canadian beef by 40% over the next 15 years. Interestingly, Canada was banned from exporting beef to Korea for 9 years following a mad cow outbreak. The Korea Times reports that Korea is the first Asian country to make an FTA with Canada.