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| Canada, Colombia To Iron Out Final FTA Issues |
by Mike Godfrey, Tax-News.com, Washington
Friday, August 06, 2010
The Canadian Minister of Agriculture, Gerry Ritz on August 5 announced a special
round of bilateral technical discussions between the Canadian Food Inspection
Agency (CFIA) and Colombia's Instituto Colombiano Agropecuario (ICA), to take place on August 18, 2010.
The meetings are being called to resolve outstanding technical issues to pave the way for the ratification of a free trade agreement between
the two countries.
"Canada and Colombia have a strong partnership based on principles of
sound science that is paying dividends for our farmers,” said Ritz. "By
tying up the final technical details, we are helping hardworking Canadian farmers
reap the full benefits of the Canada-Colombia Free Trade Agreement when it is
officially implemented.”
Colombia lifted its BSE bans on beef in January 2010 and live cattle in April
2010, demonstrating its commitment to science-based approaches to trade, the
Canadian government said.
Ritz said that in 2009, trade on commodities with Colombia totaled CAD1.2bn
(USD1.18bn). Further growth will come from the implementation of the Canada-Colombia
Free Trade Agreement, Ritz said, noting that the pact received Royal Assent
in Canada in June 2010, and will come into force once the Colombian government
has concluded its domestic approval processes.
Colombia is the third-largest market in South America for Canadian agri-food
products. Ritz explained that an FTA will open new market opportunities for
Canadian farmers and exporters and will help level the playing field with Canada’s
economic competitors who are also seeking preferential trade agreements, including the
United States and the European Union.
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