From a news release
Canada has secured export market access for Canadian pork and pork products to India.
The Canadian pork industry estimates that gaining access to this new market could be worth $2 million in the first year, with growth in future years, as demand for value-added products is expected to increase.
Agriculture Minister Lawrence MacAulay and Minister of International Trade Chrystia Freeland made the announcement on Friday.
“Canadian pork producers can immediately benefit from this new opportunity, exporting their product into this emerging market and increasing their export returns,” said MacAulay. “Our pork industry works hard to produce safe, high-quality meat products and our government will continue to work equally hard to deliver what they need to grow their businesses in markets around the world.”
The value of Canadian agri-food and seafood exports to India has increased steadily over the last decade to reach almost $915 million in 2014. Agri-food and seafood exports to India include pulses (peas and lentils), fresh peas, oilcake, canola oil and fruit (apples).
India’s agri-food and seafood imports grew by a compound annual growth rate of 12.3% between 2012 and 2014.
Worth more than $6.4 billion in 2014, bilateral merchandise trade between Canada and India grew nearly 11 percent from 2013 to 2014 and has more than doubled over the last 11 years.
« Tuesday Is Food Freedom Day Alltech Completes Masterfeeds Purchase »