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| Canada To Ratify Colombia FTA |
by Mike Godfrey, Tax-News.com, Washington
Thursday, March 11, 2010
Peter Van Loan, Minister of International Trade, and Jean-Pierre Blackburn,
Canadian Minister of Veterans Affairs and Minister of State (Agriculture), on March 10
tabled legislation to implement the Canada-Colombia Free Trade Agreement. At
the same time, the Canadian government is also tabling parallel labour and environment
agreements with Colombia.
“International trade is critical to our economic recovery,” said Van Loan. “As we move beyond stimulus spending and diversify
opportunities for Canadian business abroad, this free trade agreement will help
Canadians prosper. At this time of global economic recovery, Canadians can count
on our government to oppose protectionism and defend free and open trade on
the world stage. Canadian businesses and workers can compete with the best in
the world, and this agreement will help them do it.”
The Canada-Colombia Free Trade Agreement will provide greater market access
for Canadian exporters of goods such as wheat, pulses, barley, paper products
and heavy equipment. An increasing number of Canadian investors and exporters
are entering the Colombian market, and it is also a strategic destination for
Canadian direct investment, especially in mining, oil exploration, printing
and education.
This free trade agreement is part of a broader international trade strategy
to improve Canadian companies’ access to key international markets and
to enhance opportunities for Canadian exporters and investors. Canada has free
trade agreements in force with Chile, Costa Rica, the European Free Trade Association
countries, Israel, Peru, and a trilateral agreement with Mexico and the United
States. It has concluded free trade negotiations with Jordan and Panama and
is continuing trade talks with the Caribbean Community, Central America, the
Dominican Republic, the European Union, India and the Republic of Korea.
.
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