Canada-European Free Trade Association

Description: Canada-EFTA Free Trade Agreement (FTA).

In 2009, the Free Trade Agreement signed by Canada and the European Free Trade Association (EFTA) countries (Iceland, Liechtenstein, Norway, and Switzerland) entered into force.

The objectives of the Canada-European Free Trade Association Free Trade Agreement are to:

1. Promote, through the trade growth, the external trade development between Canada and the European Free Trade Association States
2. Provide fair conditions competition affecting the bilateral trade between Canada and the EFTA States
3. Establish a Framework for Cooperation between Canada and the European Free Trade Association (EFTA), in particular with the objective of liberalising the foreign trade in services and increasing the foreign direct investment opportunities
4. Contribute to remove the trade barriers, development, and expansion of international business

The Agreement Canada-European Free Trade Association (EFTA) covers the foreign trade in industrial products (fish, marine products, processed agricultural export products)

Most of the industrial products will benefit from duty-free access to the respective markets as of the entry into force of the Canada-EFTA Free Trade Agreement (FTA).

Summary of the Canada-European Free Trade Association Free Trade Agreement (FTA).

Trade in products

1. National Treatment
2. Import and export restrictions
3. Sanitary and Phytosanitary Measures
4. Technical regulations
5. Rules of origin and administrative cooperation
6. Sub-Committee on Rules of Origin and Trade in Products
7. Customs duties

Trade in services and foreign direct investment

1. Foreign Trade in services and investment
2. Temporary entry

Other common rules

1. Subsidies
2. Anti-dumping
3. State trading companies
4. Public procurement
5. Trade Facilitation

Exceptions and Safeguards

Foreign Trade Canada-EFTA.

1. European Free Trade Association countries are an important trading partner for Canada
2. Total trade EFTA-Canada: 13.2 billion dollars, including the exports (4.2 billion dollars)

Canada belongs to the North American Economic Area (Western-Christian Civilisation) and the EFTA to the European Economic Area.

Canadian Free Trade Agreements (FTA): USMCA/NAFTA 2.0, APEC, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, European Union, Jordan, ASEAN, India, Honduras, Panama, Colombia, Peru, Chile, Costa Rica...

EFTA Free Trade Agreements (FTA): Singapore, India, South Korea, Philippines, Colombia, Chile, Mexico, Peru, Central America, Albania, Bosnia and Herzegovina, Georgia, Macedonia, Montenegro, Serbia, Turkey, Ukraine, Egypt, Morocco, Tunisia, Southern African Customs Union (SACU), Gulf Cooperation Council, Jordan, Lebanon...