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Ten products Canada exports to South Korea

Under a newly-signed trade agreement, South Korea has agreed to phase out tariffs on everything from Canadian pork to whisky over 15 years in a move Ottawa says could add $1.7-billion to Canada's economy.

Here are 10 of Canada's biggest exports to the country and their current tariffs.

Bombardier

Aerospace

South Korea imports $74.5-million worth of Canada’s turbo props, pilot training equipment and aircraft engine parts, compared with overall aerospace imports of $3.9-billion.

Current tariff: 8 per cent
Chad Hipolito for The Globe and Mail

Chemicals and plastics

Canada ships $18-million worth of ethylene glycol, self-adhesive flat plastics and other chemicals to South Korea, where the broader import market is worth $10.6-billion.

Current tariff: 8 per cent
Reuters

Life sciences

Canadian-made antibiotics, thermometers and medical equipment account for $24.5-million of the $4-billion South Korean life sciences import market.

Current tariff: 8 per cent
Reuters

Forestry products

In 2012, Canada exported $500-million worth of wood flooring, wood-frame housing, pulp and other goods to South Korea, where the overall market is worth $2.5-billion.

Current tariff: 5 to 10 per cent
Rafal Gerszak for The Globe and Mail

Seafood

Canadian fish and seafood exports to South Korea in 2012 totalled $45-million, compared to the country’s overall market of $1.5-billion.

Current tariff: 16 per cent (average)
Reuters

Autos

South Korea bought $48.5-million worth of Canadian-made cars and $36-million in auto parts in 2012.

Current tariff: 3 to 8 per cent
Reuters

Agricultural products

Canada exports $708-million in wheat, pork and other agricultural products to South Korea.

Current tariff: 57 per cent (average)
AP

Processed food

Canada exported $45.5-million in beverages, maple syrup and other food to South Korea in 2012.

Current tariff: 8 to 45 per cent
AP

Wine and spirits

South Koreans spent about $2-million on Canadian wine and liquors in 2012, much of that on ice wine. Under the free trade agreement, South Korea has agreed to protect the terms “Canadian whisky” and “Canadian Rye Whisky.”

Current tariff: up to 30 per cent
Thinkstock

Furs and skins

Canadian animal pelt exports to South Korea are about 25 per cent of the country’s $145-million market.

Current tariff: 3 per cent

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