Argentina has announced plans to introduce the first soy products in Canada, in a move that could lead to new trade relations.
Argentinean officials said Thursday that the country has decided to open its market to Canadian producers of soybeans and other crops.
“Argentina has opened its market, which will be able to sell soy products to Canadian consumers,” Argentina’s Trade Ministry said in a statement.
The move could open up the country to Canada’s growing appetite for soy, which is used in many dishes.
In the United States, there are about 20 million tons of soy grown in Canada each year, according to a 2014 report by the Agriculture Department.
The United States imports about $50 billion a year from Argentina, the department said.
But Argentina has struggled to compete with American producers, and the country’s imports of corn and soybeans have plummeted over the past several years.
Argentina recently became the second country in the world to legalize the cultivation of soy.
The country is also home to one of the world’s largest soy farms, which has been growing soybeans since the 1980s.
In 2016, Argentina signed a deal with Brazil to grow soybeans for the country, as well as to sell the crops.
Argentina has a long history of using soy to produce foodstuffs, from meat to milk.
Argentina also exports a variety of foods to Canada, including rice, rice products, beans and milk.
Argentine officials said the soy project is a response to the country being unable to grow its own soybeans.