Industry groups celebrate trade deal with South Korea

Canadian Prime Minister Stephen Harper (L) answers questions from reporters as South Korean...

Canadian Prime Minister Stephen Harper (L) answers questions from reporters as South Korean President Park Geun-hye listens during a joint news conference after their meeting at the presidential Blue House in Seoul, March 11, 2014. REUTERS/Lee Jin-man/Pool

Jessica Hume and Bryn Weese National Bureau

, Last Updated: 5:59 PM ET

OTTAWA — Korean cars for Canadian cows is just part of the free trade deal Prime Minister Stephen Harper secured with South Korea on Tuesday.

The deal's been in the works for almost a decade and now that it's been officially announced — even without full details — many industries are already celebrating.

Ron Bonnett, head of the Canadian Federation of Agriculture, is thrilled with the prospects of Canadian grain growers having significantly greater access to the large and growing South Korean market — where more than 70% of food products are imported.

"South Korea is a very sophisticated market," Bonnett said. "This is a big win for us."

That said, the backlogged bumper crop from last year has Bonnett worried.

"This deal highlights our need for a national transportation and logistics strategy to get our goods to market," he said.

 


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