GUELPH, ON (September 25, 2014) – Grain Farmers of Ontario would like to congratulate the Canadian government and trade negotiators on the signing of the Canada-Korea Free Trade Agreement (FTA).
The Canada-Korea (FTA) will create market opportunities for Ontario's corn, soybean, and wheat farmers that were previously unattainable. Specifically, it will open new markets for Identity Preserved soybeans and remove trade barriers that currently limit corn, soybean, and wheat exports.
“Ontario’s grain farmers hope to see significant market share increase with the FTA,” says Henry Van Ankum, Chair, Grain Farmers of Ontario. “We look forward to strengthening our relationship with the grain industry in Korea.”
The Canada-Korea FTA was signed on Monday, September 22nd, 2014. Although the date in which it will take effect is not yet known, both Canada and Korea are committed to having the FTA in place in 2015.
Grain Farmers of Ontario
Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.