China And Canada My Triple Food Trade

Emerging Markets Economy, Oct 1, 2003

Canada is expected to triple its exports of food and farm products to China within five years as domestic demand rises and Canada hopes to ship more processed goods abroad to change its image as a major exporter of bulk food products.

Canadian exports of agricultural products to China are expected to reach 3 billion Canadian dollars (US$2.22 billion) in 2008 from 1 billion Canadian dollars last year, Deng Huada, a Canadian consulate official in Shanghai, said.

Currently, only 10 percent of Canadian foods sold to China are processed products while the country's global food exports of processed products total 40 percent of all its food sales abroad. - (EMEconomy.com)