MacAulay looks to tap Asian-Pacific trade market for Canadian producers

Published on March 20, 2017

Lawrence MacAulay, federal minister of agriculture.

©TC Media file photo

Federal minister of Agriculture and Agri-Food and P.E.I. MP Lawrence MacAulay has wrapped up a trade mission to Vietnam and India.

MacAulay held talks with his counterparts in both countries to promote Canadian products like lobster, livestock genetics, blueberries, grains and oilseeds.

He also participated in events showcasing Canadian agricultural products, including beef and seafood. Industry estimates that, added together, the market for these products in Vietnam could be worth $190 million in annual exports.

In India, MacAulay helped secure several memoranda of understanding between Canadian canola oil distributors and Indian retailers.

He also opened the Canada Pavilion at AAHAR, India's largest food and hospitality fair, where 16 Canadian companies and the provinces of Ontario and Quebec showcased a variety of agriculture and agri-food products.

Canadian industry representatives reported qualifying nearly 400 leads and nearly $3.5 million in anticipated sales over the next year.

MacAulay held talks with Indian ministers about the importance of ensuring trade predictability. Discussions are ongoing towards a resolution on this front.

 

Quick facts

• With a population of more than 90 million (14th largest in the world), Vietnam is one of the fastest-growing economies in the world

• Sales of Canadian agriculture, agri-food and seafood products to Vietnam in 2015 were worth more than $357 million, an increase of 144 per cent from the previous three years

• India is the second-most populous country in the world with 1.2 billion people. The population is expected to reach 1.3 billion this year

• In 2015, Canadian agriculture, agri-food and seafood exports to India were valued at $1.5 billion, more than twice the amount it was two years earlier.

• Economic growth in both Vietnam and India is 6-7 per cent a year.