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FREE TRADE: MAC likes agreement with South Korea

OTTAWA – The Mining Association of Canada has commended the Canadian government on the signing of a new free trade agreement with South Korea, a key market for Canada's minerals. The new agreement reduced tariffs (currently more than 8%)...


OTTAWA – The Mining Association of Canada has commended the Canadian government on the signing of a new free trade agreement with South Korea, a key market for Canada’s minerals. The new agreement reduced tariffs (currently more than 8%) on metals including iron, aluminum and nickel.

MAC president and CEO Pierre Gratton said, “The mining industry welcomes today’s announced free trade agreement with South Korea given the region’s importance as a sizeable market for many Canadian mineral and metal exports.”

In 2012, the total value of Canadian mineral exports to South Korea exceeded $1.8 billion. By value, coal is the most significant mining product exported, amounting to more than $1.1 billion in 2012, followed by aluminum, copper, nickel and zinc.

MAC is the national organization of Canada’s mining industry. Learn more about what it does for members at Mining.ca.


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