New South Korean trade deal should benefit Alberta agriculture expert

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by News Staff Posted Mar 14, 2014 12:09 pm MDT New South Korean trade deal should benefit Alberta agriculture: expert Canada signed its first free trade agreement with an Asian country this week, and according to Todd Hirsch, an ATB senior economist, Alberta’s agriculture sector should be the major benefactor. “We have a hog and cattle industry in this province that’s desperately trying to find diversified markets,” he said, adding the lowered tariffs will allow freedom for producers in the market of 50-million people. “They’re growing in affluence, they’re growing consumer class, they are going to be looking for more fresh meats and vegetables and food products and Alberta’s got those exports, particularly pork and beef.”When it comes to the future, Hirsch said the west could play a bigger role compared to central Canada. “They’re still larger in terms of economic output, but that’s not where the growth is happening, it’s all happening in western Canada and I think western Canadian industries will have a lot of influence.”Hirsch said, although it doesn’t have nearly the same weight as a major oil and gas deal, it’s important to gain in new partners. read more