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Trade deal sees Canadian maple syrup prices cut by 8%

21 September 2017 by
Trade deal sees Canadian maple syrup prices cut by 8%

The price of Canadian maple syrup could soon fall by 8% thanks to a new trade deal between the EU and Canada.

The Comprehensive Economic and Trade Agreement (CETA) means that the EU is poised to axe the 8% duty on Canadian imports to the UK including.

The provisional application of the deal comes into force today (21 September 2017) and could mean a considerable saving on the price of Canadian premium maple syrup.

The European Parliament approved CETA in February, removing tariffs on industrial products traded between the EU and Canada, and liberalising the trade in agriculture of food products such as 100% pure Canadian maple syrup.

In 2016, the Federation of Quebec Maple Syrup Producers (FPAQ) reported a 6% increase in exports to the UK with 90% of Canadian maple syrup sourced from the province of Quebec.

FPAQ President Serge Beaulieu said: "The UK is a booming market for maple products from Quebec, with chefs and consumers falling in love with the taste, purity and versatility of maple syrup.

"The fact the CETA deal will see the duty cut by up to 8% is great news for businesses who import maple products."

With Brexit still 18 months away, Janice Charette, Canada's High Commissioner to the United Kingdom, added: "CETA is a gold-standard trade deal that will bring a wide range of benefits to the UK and Canada. The big winners in CETA are businesses and their customers who can look forward to tariff-free pure maple syrup, blueberries, lobster, flour and pulses along with a host of other great Canadian products."

For more information and recipes using maple syrup visit www.welovemaple.co.uk

UK sales of Canadian maple syrup reach record imports

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