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.