Canada and South Korea are currently negotiating an FTA. The talks began in July 2005 but are yet to be concluded.
Both countries are aiming for a comprehensive agreement, with the Canadian government’s sights set on increasing food and forestry exports to Korea. But the implications for Canada are huge. Canada currently imports more cars than it exports and a deal with Seoul — headquarters of KIA, Hyundai and Daewoo (GM) — could gut Canada’s industry and with it 15,000 jobs. Korean farmers, labour groups and consumers, for their part, expect negative impacts on Korean food and agriculture. This includes strong potential problems around beef (numerous outbreaks of mad cow disease have already occurred in Canada) and barley.
last update: May 2012 | logo from the Canadian Auto Workers Local 200