International Trade Minister Ed Fast to lead trade mission to South Korea in February 2015


Aerospace companies invited to participate in the mission

Led by the Honourable Ed Fast, Minister of International Trade, the Trade Commissioner Service is organizing a trade mission to Seoul and Busan, South Korea, February 8-13, 2015. This trade mission to South Korea will be a significant, multi-sector mission highlighting the breadth of business opportunities in the South Korean market and the benefits for Canadian businesses, including small and medium-sized enterprises, of the soon to be implemented Canada-Korea Free Trade Agreement.

With the development of the KT-1 basic trainers and T-50/FA-50 advanced trainer jets/light combat aircraft in South Korea, opportunities may exist for Canadian parts companies to supply South Korean aerospace companies producing these aircrafts. The CKFTA will significantly improve market access opportunities for Canada’s aerospace sector by eliminating tariffs on 100 percent of aerospace products upon entry into force, which are currently as high as 8%. This includes tariffs on flight simulators, gliders, turbo propellers and turbo jet and propeller parts. Key players in this market include Korea Aerospace Industries, Korean Air Tech Center, Samsung Techwin, Hyundai Wia, CAE CFSS Korean Centre, Boeing and Airbus. See market report for more information.

Who should participate?

  • Aircraft, Aircraft parts and components producers
  • Avionics manufacturers
  • Flight Simulator manufacturers
  • Aircraft engine manufacturers
  • Landing gear manufacturers
  • Head Up Display manufacturers
  • Flight Control Computer manufacturers
  • Auxiliary Power Unit manufacturers
  • Aircraft maintenance, repair and overhaul (MRO) service providers

For more information:

Visit the Trade Mission web page or contact korea-mission-coree@international.gc.ca

For more information on AIAC's communications with members, please contact Kristen VanderHoek, Director of Communications, at Kristen.Vanderhoek@aiac.ca or (613) 232-4297 x225.

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