Japan is relaxing restrictions on imported beef from four countries including Canada, a decade after raising barriers amid the so-called mad cow disease scare.
Japan's Foreign Ministry announced Monday that it will allow imports of beef from cows up to 30 months old, effective Feb. 1. The previous standard was to ban imports of beef from animals older than 20 months.
The Canadian government estimates the potential market value of beef exports to Japan will rise to between $140 million and $150 million a year, about double what they have been under the tighter rules.
Japan's Health Ministry approved the step -- which also apply to beef imports from the United States, France and Netherlands -- following public hearings.
Canada's government issued a statement from Ottawa welcoming the change in rules.
"As part of our government's plan to create jobs, growth and long-term prosperity for all Canadians by opening new markets, we have been working closely with Japan to expand access for our exporters," said Trade Minister Ed Fast.
"Today's announcement is proof that these efforts are getting results, and we look forward to taking our trading relationship with Japan to the next level through an Economic Partnership Agreement which would provide additional export opportunities for Canadian businesses."
Japan banned beef imports in 2003 from several countries after a fatal brain disease was discovered in a few animals, leading to concern that eating their meat could pose a health risk for humans.
Canadian beef producers were hit hard by the import bans imposed by Japan and other countries, including the United States. The Canadian monitoring system was also criticized and later improved.
In 2005, Japan allowed imports of beef 20 months or younger.
-- with files from The Associated Press
Read more Business News
- 'Spiderman' arsonist gets jail timeKelowna - 5:00 pm
- Road project jumps by $1.1MKelowna - 12:17 pm
- Murder details brings family to tearsKamloops - 12:10 pm
- Ex cop charged with sex assaulting boysKamloops - 11:47 am
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...
The budget should allow more competition from smaller lenders which will keep banks competitive and make dealing with a mortgage broker even more important. "The government has promised that th...