Prime Minister Stephen Harper is leading a trade delegation in South Korea this week.
Perhaps as early as Tuesday, he is expected to announce the inking of a free trade deal with Korea — a deal that has been in the works for almost a decade.
The prime minister is touting the imminent deal as an "important step forward." Reports suggest that it could significantly boost Canadian exports to the Asia Pacific region, especially to our agriculture sector.
Stuart Trew of the Council of Canadians, however, isn't buying the Harper hype.
In a statement posted on the citizens' watchdog's website, Trew says that he expects that the deal will only widen Canada's trade deficit with Korea.
"If things go the same way as they did for the U.S. in the U.S.-Korea FTA, Canada can expect zero export growth and an increased trade deficit," Trew is quoted as saying.
"Considering how similar U.S. and Canadian exports are, I think it's the most likely situation."
Trew is likely alluding to a 2013 report byRead More »from Citing the U.S. example, citizens’ watchdog warns against free trade with Korea