Canadian Canola manufacturers are planning to sell their product in Iran. Industry representatives from both countries are working to remove barriers that are preventing the trade of the commodity, reported DTN.
This past June, Agriculture and Agri-Food Canada reported that Iran’s Minister of Commerce Mohammad Shariatmadari approved the Canadian government’s request to reduce tariffs on Canadian canola oil and seed. A further reduction of the canola oil tariff to one percent is needed to provide Canadian canola exporters parity with similar oils, such as soya and sunflower.
Iran is Canada’s biggest market for agriculture and food products in the Middle East, and offers a potential market for Canada’s value-added food products, such as vegetable oils. Last year, Canada’s agri-food exports to Iran totaled $427 million.
A sound foundation of bilateral trade exists between the two countries. Canada imports a number of agri-food products from Iran including dried fruit, pistachios, and dates. Iran has been Canada’s biggest non-durum wheat customer for the past three years. By the end of June, eight agricultural missions will had taken place between the two countries in the first half of 2002. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
