Free Trade Agreements of Colombia
- Canada Free Trade Agreements (FTA's)
Course summary
Free Trade Agreement Colombia - Canada:
The Canada - Colombia Free Trade Agreement (FTA), the Labour
Cooperation Agreement and the Agreement on the Environment enters into force on
August 15, 2011.
"The Parties to this Agreement, consistent with Article XXIV of the General
Agreement on Tariffs and Trade 1994 and Article V of the General Agreement on
Trade in Services, establish a free trade area."
Upon implementation, the FTA will result in lower barriers to trade and expanded
opportunities for Canadian exporters and investors in a broad range of sectors,
including industrial and agricultural products. Lowering barriers to trade
through eliminating tariffs and addressing non-tariff barriers will allow
Canadian manufacturers, exporters and producers, including small and
medium-sized businesses, to increase their export potential and expand into
non-traditional markets.
A reduction in Colombia’s tariffs would enhance opportunities for trade
in products of export interest to Canadian industrial and agricultural producers
Through the agreement, Canada’s producers and exporters will benefit from
reduced or eliminated tariffs on nearly all of Canada’s current exports to
Colombia. The agreement will also provide a more predictable, transparent and
rules-based trading environment for Canadian investors and businesses.
In 2010, two-way merchandise trade between Canada and Colombia totalled
more than $1.4 billion.
Canadian merchandise exports to Colombia totalled $644 million in 2010;
major exports include goods such as cereals (wheat, barley), machinery,
vegetables (pulses such as lentils, peas, chickpeas), paper and paperboard, and
vehicles.
Canadian merchandise imports from Colombia totalled $717 million in 2010.
Major imports consist of mineral fuels and oils, coffee, fruits and sugar.
As of 2010, the accumulated value of Canadian investment in Colombia was
$824 million. This investment is primarily in the oil and gas and mining
sectors, although important links also exist in the printing sector.
In 2008, Canada’s bilateral trade in services accounted for 13% of total
exports and 17% of imports.
Example of the course Free Trade Agreement Colombia - Canada:
Example of the course Free Trade Agreement Colombia - Canada
(Spanish):
Master International Business
for Canadian Students
Educational level: Continuing education / Executive education programs.
International Business
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