Minister Ng to lead Team Canada Trade Mission to South Korea

From: Global Affairs Canada

News release

As part of Canada’s Indo-Pacific Strategy, the Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, will lead the Team Canada Trade Mission to South Korea, from April 21 to 25, 2024.

Minister Ng will be joined by a diverse group of more than 240 people from over 160 Canadian businesses and organizations. The trade mission will allow them to explore export opportunities in the Indo-Pacific region and make meaningful connections with potential business partners and clients. They will also learn how they can benefit from the Canada-Korea Free Trade Agreement (CKFTA), which makes 99% of Canada’s exports to South Korea eligible for duty-free access. The trade mission will offer businesses already active in South Korea further expansion and growth opportunities.

As part of the trade mission, Minister Ng will visit South Korean businesses to champion Canada as a great place for businesses to invest and grow. She will also meet with her South Korean counterparts to advance more sustainable and inclusive trade that benefits everyone.

Quotes

“We just finished the successful Team Canada Trade Mission to Malaysia and Vietnam. I’m excited to lead another diverse group of Canadian businesses and organizations and open doors for them to explore business opportunities in South Korea. Canadian exporters and innovators will get to make new connections in South Korea, one of the Indo-Pacific’s fastest-growing markets and a strategic partner for Canada.”

- Mary Ng, Minister of Export Promotion, International Trade and Economic Development

Quick facts

  • The Indo-Pacific is Canada’s second-largest regional export market, after the United States, with annual 2-way merchandise trade valued at $257 billion in 2023.

  • Launched in November 2022, Canada’s Indo-Pacific Strategy aims to create opportunities to expand trade and investment, grow good jobs and build supply chain resilience.

  • South Korea is Canada’s 7th-largest merchandise trading partner, 8th-largest export and 6th-largest import partner as of 2023.

  • The Canada-South Korea economic relationship has improved significantly since the CKFTA entered into force in 2015.

  • Since it entered into force, the CKFTA has benefitted businesses, workers and communities on both sides of the Pacific. Merchandise trade has grown 69%, with exports growing 73% and imports growing 67%.

Associated links

Contacts

Huzaif Qaisar 
Press Secretary 
Office of the Minister of Export Promotion, International Trade and Economic Development 
343-575-8816
Huzaif.Qaisar@international.gc.ca

Media Relations Office 
Global Affairs Canada 
media@international.gc.ca 
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