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The Republic of Korea’s Customs Commissioner, Myeong-ku Lee, with Premier Danielle Smith. (Image Credit: Government of Alberta)
By Josh Hall
key for crude oil exports

Alberta and South Korea sign agreement to eliminate 3% tariff

Apr 20, 2026 | 5:55 PM

Alberta Premier Danielle Smith has signed a joint statement with the Republic of Korea’s Customs Commissioner, Myeong-ku Lee, to waive a three per cent tariff for Alberta crude exports to that country.

The announcement confirms, they say, that diluted bitumen shipped from Canada qualifies as a Canadian-origin product, removing a trade barrier and improving access for Alberta energy producers.

In 2025, Alberta exported almost $400 million in crude oil to South Korea, up more than 500 per cent year over year.

“Zero tariffs on Alberta crude destined for Korea makes Alberta energy more competitive, and strengthens a partnership built on reliability and trust,” said Smith in a release.

“It creates more opportunities for Alberta producers, supports investment in our economy and secures long-term demand for our energy.”

Customs Commissioner Lee also commented, saying the joint statement acknowledges the structural challenges in the field and identifies bold and proactive solutions through direct cooperation with the Alberta government within the framework of FTA rules of origin.

“It represents a significant achievement in which customs administration has taken the lead in addressing the national challenge of diversifying the energy supply chain,” said Lee.

Trans Mountain’s Mark Maki also commented Monday, saying his company plays an instrumental role.

“In 2025, more than 65 per cent of exported volumes were delivered to Asia from our Westridge dock in B.C.,” Maki said.

“We’re pleased to have worked alongside the governments of Canada, Alberta and Korea to advance the growth of Canadian crude oil exports to Korea.” 

Bilateral trade in 2025 between Alberta and South Korea totalled $1.8 billion.

by Josh Hall