CKFTA for Agri-Food Exporters
The Canada-Korea Free Trade Agreement (CKFTA) is Canada’s first bilateral free trade agreement in the Asia-Pacific region and entered into force January 1, 2015. The CKFTA eliminates and reduces tariffs on Canadian exports to South Korea, including agri-food and seafood products. It also creates significant advantages for our businesses in South Korea’s fast growing and highly connected economy.
What the CKFTA means for our industry
The CKFTA gives Canadian agri-food and seafood businesses an advantage over competitors by providing preferential tariff treatment on our exports. To date, Canadian agri-food and seafood trade with South Korea has increased by over 30% since the implementation of the CKFTA.
The CKFTA has reduced or eliminated tariffs across a range of Canadian exports since 2015, and will continue to do so on January 1st of each year until its full implementation in 2032. It is projected to boost Canada’s Gross Domestic Product by $1.7 billion and increase Canada’s overall exports to South Korea by over 30% when fully implemented.
As of January 1, 2019, 70% of Canadian agriculture and agri-food exports are eligible to enter South Korea duty-free. That will grow to 99% by 2029.
Before implementation in 2015, South Korea’s average tariff rate was 52.7%.
As of January 1, 2019, 87% of Canadian fish and seafood exports are eligible to enter South Korea duty-free. That will grow to 100% by 2026.
Before implementation in 2015, South Korea’s average tariff rate was 16.5%.
Get a snapshot of how the CKFTA reduces and eliminates the tariffs for Canadian exports to South Korea:
- Alcoholic Beverages
- Animal Feed
- Fish and Seafood
- Processed Food Products
More information about the impact of the CKFTA:
- CKFTA: Benefits and Opportunities for the Canadian Agricultural and Agri-food Sector
- CKFTA: Benefits and Opportunities for the Canadian Fish and Seafood Sector
Tools to help you get export-ready
Global Affairs Canada provides additional information on the agreement and its benefits for Canadians.
Explore tariff information for the South Korean market under the CKFTA and other foreign markets that Canada has a free trade agreement with.
Learn about Seoul Food & Hotel, the largest international food and hospitality show in South Korea.
Find services to help you achieve your international business goals and export to global markets.
Reach in-market expertise that can bridge the gap between your products and South Korea.
Reports and trends on opportunities in South Korea for Canadian agri-food and seafood producers.
Videos on agri-food trade with South Korea
Watch videos about CKFTA and opportunities for agri-food and seafood exporters in South Korea.
Do you have questions about CKFTA or the South Korean market?
Contact AAFC’s Market Access Secretariat at firstname.lastname@example.org for answers to your CKFTA and South Korea related questions.
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