Canada: The Canada-Korea Free Trade Agreement (CKFTA)
The Canada-Korea Free Trade Agreement (CKFTA), which entered into force on January 1, 2015, will create new opportunities for Canadian farmers and ranchers in the Korean market, as well as greater competition for other agricultural exporters, including the United States. Korea is expected to be Canada’s sixth largest export market for agricultural, fish, and forest products in 2014, with exports likely to top $700 million.