B.C. Seafood Companies Increasing Exports to China and South Korea

B.C. Seafood Companies Increasing Exports to China and South Korea

October 12, 2018 Posted by Vivian Lui

British Columbia’s high quality seafood products are in demand globally. In 2017, B.C. exported $3.9 billion worth of agrifood and seafood products outside of Canada. This industry produces over $14 billion in annual revenues and directly employs thousands of people in B.C. The province is rapidly increasing exports to growing markets such as China, South Korea and Southeast Asia. With a strong reputation for quality products and a strategic geographic location on the west coast of Canada, B.C. seafood producers are in a position to continue expanding exports in a growing global market.

South Korea is a developing opportunity for our seafood exports. The Canada-South Korea Free Trade Agreement makes trade between the two countries easy. As of January 1, 2017, more than 90% of Canada’s exports are eligible for duty free access to South Korea. This makes Canadian products more appealing as they become more cost competitive. The B.C. Trade and Invest Office in Korea is participating in the Busan International Seafood and Fisheries Expo (BISFE) that is taking place from October 31 – November 2, 2018—the third consecutive year our province has participated. This is the largest seafood exhibition in South Korea, featuring 400 exhibitors from 30 countries. Working in partnership with the Canadian Embassy in Seoul, B.C. trade and investment representatives will facilitate targeted business to business meetings and in-market tours for B.C. companies.

In China, the rapidly expanding middle class has resulted in increased demand for the high quality seafood products B.C. can provide. Seafood exports, particularly crab, geoduck clams, hake and herring are top Canadian exports to China. To reach this market, B.C. trade and investment representative offices in China are leading a group of British Columbia seafood companies to attend the China Fisheries and Seafood Expo (CFSE) from November 7 – 9, 2018. This is Asia’s largest seafood trade show, with over 1,500 exhibitors and over 25,000 attendees. CFSE is held annually in Qingdao, China’s largest processing and importing centre. Delegates include top buyers from around the globe and throughout China. In collaboration with the Ministry of Agriculture, BC Trade and Invest will have a booth presence so that B.C. exporters and associations can connect with companies along the distribution chain.

Trade and investment representatives help international businesses discover the benefits of British Columbia as a destination for investment, a partner for trade and innovation, and a source of quality goods, services and resources. To learn more, connect with us through LinkedIn or Twitter.
 
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