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Friday, March 14, 2014

New Links Between New Brunswick Producers And South Korean Markets

Soon, New Brunswick blueberries, lobster, and salmon will more easily be making their way to tables in South Korea, thanks to the recently announced Canada Korea Free Trade Agreement.

Dignitaries from Canada and South Korea marked the Atlantic Canadian implications that agreement today at the Diamond Jubilee Cruise Ship Terminal. Fundy Royal MP Rob Moore, who is also in charge of the Atlantic Canada Opportunities Agency, tells CHSJ News it's a landmark achievement. Negotiations took 8 years in total to complete, according to Moore.

This is Canada's first free trade agreement in Asia. New Brunswick's fish and seafood exports to South Korea were worth an average of $5.1 million annually between 2010 and 2012.