Exporters of Canadian breeding cattle expect to see another $4.5 million per year in business from a new agreement for market access to Turkey, according to the federal government.
Canada’s Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced an agreement with Turkey on export certificates for Canadian breeding cattle effective “immediately.”
Turkey, the government said, offers “the potential of being a top export market for Canadian breeding cattle” and improved access “will position Canada as a long-term, reliable partner in meeting Turkey’s import requirements.”
Bilateral merchandise trade between Canada and Turkey was valued at $2.4 billion in 2015, including agrifood exports such as lentils, soybeans, durum wheat, non-durum wheat and chickpeas.
Overall, the Canadian government noted, Turkey’s agrifood imports have grown at a compound annual growth rate of 5.2 per cent between 2012 and 2015.
The Canadian Livestock Genetics Association and the Canadian Beef Breeds Council said in the government’s release Monday they’re “very pleased to have this new market opportunity for Canadian livestock exporters.” — AGCanada.com Network