KGIC Inc LGLTF

Profit, Cash and Growth Canada-Korea Free Trade Agreement

[alister33]

The agreement is just starting to take effect, Loyalist is becoming a BUY -OUT target now.

Loyalist Group Limited Comments on Canada-Korea Free Trade Agreement
Mar 14, 2014
TORONTO, ONTARIO--(Marketwired - March 14, 2014) - March 14, 2014 - Loyalist Group Limited ("Loyalist" or the "Company") (TSX VENTURE:LOY) congratulates Canada and Korea on the finalization of the Canada-Korea Free Trade Agreement (the "CKFTA") on March 11, 2014.  For more than nine years, the two nations have been discussing the removal of tariffs and the establishment of the first Canadian free-trade foray into the Asia-Pacific region. This landmark achievement constitutes Canada's first free trade agreement in Asia, and will provide new access for Canadian businesses and workers to South Korea, the fourth-largest country in Asia, with an annual GDP of approximately $1.1 trillion and a population of approximately 50 million. According to Languages Canada, there are currently more students that come from South Korea to study English-as a-Second-Language (ESL) in Canada than from any other country in the world. This news is mutually beneficial as it will benefit workers in every region of the country by increasing sales and exports, and will give consumers more choice and lower prices. Andrew Ryu, Loyalist CEO commented, "this agreement encompasses the very nature behind global relations, a symbiotic partnership that fosters potential opportunities to be capitalized on by each nation". Our government has undertaken the most ambitious trade agenda in Canadian history, where in less than seven years Canada has concluded free-trade agreements with nine countries and is negotiating with 30 more. Since the U.S. and the EU already enjoy free trade agreements with South Korea, the CKFTA will level the playing field for Canadian exporters and investors. What does this agreement mean for Loyalist? With the development of relations between Canada and other nations, it is essential that opportunists obtain the proper tools to capitalize on such prospects. Now more than ever Loyalist believes that it can offer individuals relevant training and proper knowledge to capitalize on potential opportunities created by the international agreements.  Loyalist also believes that the trade agreement will give the Company greater access to the South Korean marketplace to build the Loyalist brand in Asia, and will potentially give the Company increased leverage to negotiate more favourable arrangements with overseas agents. About Loyalist Loyalist Group Limited owns and operates private English as a Second Language (ESL) Schools, Career Colleges and Community Colleges in Toronto, Vancouver, Victoria and Halifax. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.