Canadian beef producers will benefit from newly restored market access to Peru, Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast announced. The Peruvian market has been reopened for Canadian bone-in beef under 30 months of age, boneless beef of all ages, and offal.
This is the first time since 2003 that Canadian beef can be exported to this important market, after it was closed due to BSE. In 2011, total Peruvian imports of beef and beef products from all countries were worth about $49 mill. Canada Beef Inc. estimates that this market could be worth up to $2 mill. annually for Canadian beef producers.
Minister Fast stated that Canada welcomed Peru's decision. Since their free trade agreement with Peru had come into force in 2009, their bilateral trade had increased by more than 50%, and the announcement was clear proof of how deeper trade benefited Canadian workers and businesses.
Earlier this year, Minister Ritz, along with Minister Fast, announced the reopening of the Peruvian market to Canadian cattle, a market estimated by Canada Beef Inc. and the Canadian Livestock Genetics Association to be worth more than $2.5 mill. in 2012 for the Canadian cattle sector.
Canada and Peru have enjoyed a mutually beneficial free trade agreement (FTA) since 2009. Agri-food exports to Peru increased 42% in the first full year after the implementation of the FTA compared to 2008, with agri-food exports such as cereals and grains being among Canada's top exports to the country. In 2011, Peru's agricultural imports from Canada totalled more than $247 mill.
Source: Agriculture and Agri-Food Canada