| View previous topic :: View next topic |
| Author |
Message |
PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
|
 Posted: Thu Mar 20, 2014 2:46 pm Post subject: Canada signs free trade deal with Korea |
 |
|
This happened a week ago but it is a significant step for Canada in Asia as it is the first bilateral trade deal that Canada signs with an asian economic power.
The deal itself has received mixed reviews here in Canada and from what I hear also in Korea. This seems normal as all the clauses in the agreement are not yet all understood or clear.
Lots of opportunities for companies (Korean and Canadian) in that deal. The tarrif drops for Canadian goods imported into Korea is a significant gain for canuck businesses and exporters. |
|
| Back to top |
|
 |
happiness
Joined: 04 Sep 2010
|
| Posted: Thu Mar 20, 2014 5:15 pm Post subject: |
|
|
| Im all for more and more western goods here, and less crap from other Asian countries. |
|
| Back to top |
|
|
mithridates
Joined: 03 Mar 2003
Location: President's office, Korean Space Agency
|
| Posted: Fri Mar 21, 2014 3:51 am Post subject: Re: Canada signs free trade deal with Korea |
|
|
| PatrickGHBusan wrote: |
This happened a week ago but it is a significant step for Canada in Asia as it is the first bilateral trade deal that Canada signs with an asian economic power.
The deal itself has received mixed reviews here in Canada and from what I hear also in Korea. This seems normal as all the clauses in the agreement are not yet all understood or clear.
Lots of opportunities for companies (Korean and Canadian) in that deal. The tarrif drops for Canadian goods imported into Korea is a significant gain for canuck businesses and exporters. |
And the nascent LNG sector in particular, which has fierce competition from the US, Australia and Qatar. The advantages to the Canadian projects are the lower temperature (=less cost to reach the temperature required to liquify the gas) and greater proximity to Asia, and the removal of the 3% LNG tariff to Korea is a big help. The Liberals in BC are particularly happy about that given how much is at stake for them with these projects. |
|
| Back to top |
|
|
PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
|
| Posted: Fri Mar 21, 2014 7:00 am Post subject: Re: Canada signs free trade deal with Korea |
|
|
| mithridates wrote: |
| PatrickGHBusan wrote: |
This happened a week ago but it is a significant step for Canada in Asia as it is the first bilateral trade deal that Canada signs with an asian economic power.
The deal itself has received mixed reviews here in Canada and from what I hear also in Korea. This seems normal as all the clauses in the agreement are not yet all understood or clear.
Lots of opportunities for companies (Korean and Canadian) in that deal. The tarrif drops for Canadian goods imported into Korea is a significant gain for canuck businesses and exporters. |
And the nascent LNG sector in particular, which has fierce competition from the US, Australia and Qatar. The advantages to the Canadian projects are the lower temperature (=less cost to reach the temperature required to liquify the gas) and greater proximity to Asia, and the removal of the 3% LNG tariff to Korea is a big help. The Liberals in BC are particularly happy about that given how much is at stake for them with these projects. |
I would say those that are most happy in Canada about this deal are:
Cereal farmers, oil producers (possibly), pork producers
I would say those that are unhappy are:
The auto industry in Ontario as US car plants there will face stiffer competition. |
|
| Back to top |
|
|
PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
|
| Posted: Fri Mar 21, 2014 7:01 am Post subject: |
|
|
| happiness wrote: |
| Im all for more and more western goods here, and less crap from other Asian countries. |
Well, Korea will still deal with Japan & China for many things....
In fact, most western countries rely on Asia in significant fashion for their import goods.... |
|
| Back to top |
|
|
yodanole
Joined: 02 Mar 2003
Location: La Florida
|
| Posted: Sun Mar 23, 2014 11:42 am Post subject: |
|
|
Hopefully, I'll finally get to try moose  |
|
| Back to top |
|
|
NohopeSeriously
Joined: 17 Jan 2011
Location: The Christian Right-Wing Educational Republic of Korea
|
| Posted: Sun Mar 23, 2014 6:24 pm Post subject: |
|
|
| Wonder how the K-importers abuse the consumers this time. |
|
| Back to top |
|
|
PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
|
| Posted: Mon Mar 24, 2014 4:58 am Post subject: |
|
|
| They may keep prices high on certain imports to maximize their profit margins....like it happens all over the globe.... |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
