Canada, South Korea deal a boon to aerospace
June 13, 2014, Ottawa - Today the Honourable Ed Fast, Minister of International Trade, tabled the Canada-South Korea Free Trade Agreement in the House of Commons.
The Agreement includes measures to remove tariffs of up to eight per cent on aerospace products exported to Korea, a move that will make it easier for Canadian aerospace firms to do business in Korea and the Asia Pacific Region.
Jim Quick, President and CEO of the Aerospace Industries Association of Canada (AIAC), issued the following statement in response:
"On behalf of the Board of the Aerospace Industries Association of Canada, I congratulate Minister Fast and the Government of Canada on achieving today’s milestone. The quick progress between the announcement of the Agreement in Principle in March to the tabling of the official Canada-South Korea Free Trade Agreement today demonstrates the strong commitment of the Minister and the government to ensuring that this agreement comes into effect in an expeditious manner.
"It is critical that this agreement is passed quickly so that Canadian exporters, including aerospace manufacturers, can return to competing on a level playing field. We call on the government in Korea to maintain the same ambitious pace and approve the Free Trade Agreement as soon as possible, and we thank Minister Fast and the government for their ongoing support for Canadian exporters."