The Canadian government has successfully restored market access for its pork exports to Argentina, effective immediately.

It is estimated the deal could be worth CAD16m (US$12.4m) annually to Canadian meat businesses.

The announcement builds on Prime Minister Justin Trudeau’s visit to Argentina last year. He sowed the seeds for a deal to be done to restore access some 15 years after Argentina suspended Canadian processors’ export eligibility.

Lawrence MacAulay, Canada’s minister of agriculture and agri-food, said: “Today’s announcement is a great example of how the government of Canada is constantly working to give our producers and processors access to export markets to enhance their competitiveness. 

“This market access will deepen Canada’s trade partnership with Argentina, boost global exports, and strengthen the middle class.”

Neil Ketilson, chair of the board of directors, Canada Pork International, said: “CPI is very pleased with this announcement. The Argentinian market represents a solid opportunity to further develop and diversify Canadian pork exports in South America.”

In 2016, Canadian agriculture, agri-food and seafood exports to Argentina reached CAD12.6m.