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Publish Date : 25-Mar-2014

While Viceroy Homes Ltd. already secured a 20-year history of trade with Japan, Douglas Auer, CEO hopes a new free trade agreement with Korea will lead to more partnerships.

Auer said the newly inked Canada-Korea free trade agreement has the potential to double the company's workforce all over Canada.

He said, pointing out that the company exported a little over 100 homes to date, "We're looking at the possibility of selling a few hundred homes each year in the Korean market. We hope that will increase
dramatically with the signing of this free trade agreement. So far we have come very close to signing small deals but they continually get blocked because of that extra tariff amount."

The agreement was inked by President Park Geun-hye of South Korea and Prime Minister Stephen Harper.

In business for over 55 years, Viceroy Homes engineers, designs, and manufactures custom wood frame homes, and in the peak season employs 200 factory and office staff.

Viceroy makes homes in Richmond, B.C, in addition to a production facility at its Port Hope headquarters.

The parliamentary secretary to the Minister of International Trade, companies like Viceroy are stymied by an 8% tariff wall that makes it harder for them to compete, according to Durham MP Erin O'Toole.

He said, "Companies like Viceroy represent our future since one in five jobs in Canada are directly attributed to trade. When our trade with the U.S. has slowed we need to build new markets."

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