Canadian Cattle and Bovine Genetics Back on Panama's Market

June 08, 2010

Ottawa, Ontario - Canadian producers and exporters will benefit from full market access as Panama announced the re-opening of its market to Canadian breeding cattle and expanding market access to bovine genetics. The announcement was made today by Agriculture Minister Gerry Ritz and International Trade Minister Peter Van Loan.

"We know that Canadian producers raise the highest quality cattle and produce the best dairy genetics in the world," said Minister Ritz. "Market by market, we are creating more opportunities for farmers to benefit from expanded sales to more consumers around the world."

"The Government of Canada is pleased with Panama's decision to re-open its market to Canadian cattle exports," said Minister Van Loan. "This is great news for Canada's cattle industry. Our government will continue to work to ensure full access to important markets around the world for Canadian producers."

In 2009, the value of Canadian agriculture and food exports to Panama was $23.5 million. Canada and Panama signed a free trade agreement last May 14. Once implemented, the agreement will open doors to Canadian farmers and exporters with improved market access, bringing benefits to a wide range of sectors, including agriculture and agri-food.