China market access deal to create jobs and cash for Canada

By Oscar Rousseau

- Last updated on GMT

Canadian PM Justin Trudeau said he pressed China on trade and freedom of speech
Canadian PM Justin Trudeau said he pressed China on trade and freedom of speech

Related tags Canada Beef Pork

China has expanded the range of beef and pork it will import from Canada, a deal officials claim could create thousands of jobs and a nine-figure revenue over the next five years.

Under the agreement, reached on 4 December 2017, China will buy Canadian bone-in beef, fresh chilled beef and a choice array of pork products.

The deal could be worth over CA$225m (US$178m) to the Canadian economy. Trade representatives claim pork sales could rise to CA$100m ($79m), with beef bringing home CA$125m ($99m) over the next five years.

China, along with the US, is one of Canada’s most important markets for meat products and spent around CA$500m on red meat between 2010 and 2016, according to a Conference Board of Canada study.

‘Economic opportunities’

For every CA$100m ($79m) increase in meat exports, more than 1,100 jobs are created in Canada, according to the report. So, using the report’s forecasting model, one could say the enhanced market access to China could create over 2,200 jobs for Canada’s meat sector.

Canadian Meat Council president Chris White said the deal would create “valuable economic opportunities​” for businesses.

Significantly enhanced market access for Canadian beef and pork has come after Canadian Prime Minister Justin Trudeau met Li Keqiang, Premier of the State Council of China, in Beijing this week. Both parties continued talks on a comprehensive free-trade deal and announced bilateral collaboration on agriculture, tourism, climate change and clean growth.

On the meeting, Trudeau said: “While in Beijing, Premier Li and I had discussions on a range of issues, from growing trade and investment, to combating climate change, to the importance of free expression. I look forward to continuing discussions towards a comprehensive trade agreement, which will open up greater opportunities for people on both sides of the Pacific.​”

Related topics Meat

Related news

comments

Post your comment

We will not publish your email address on the website

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Follow us

Products

View more

Webinars