Canada- Colombia Free Trade Agreement
Main objective of the trade agreement
- Enhance engagement throughout the America’s and pursue more bilateral trade agreements
- To deepen its trade and investment relations with Colombia
- To ensure both countries respect labour and enviromental rights
level of integration
Two way merchandise exchange
Canadian merchandize exports
to Columbia totalled
$644 million in 2010
and Canadian merchandize
imports from Columbia
totalled $717 millon.
Background
- Trade started back in August 2002
- On June 2007 they launched the free trade negotiations
- Finally signed on November 21 2008
- Entered into Force August 15 2011
Relationship
Strong partnership based on principles on sound science that is paying dividends for Canada’s farmers
Good commercial and investment relation and this can be proved by the presence of Canadian companies in Columbia in the mining, printing and oil exploration sectors
- To provide market opportunities for Canadian Agri-food products including pork, beef, vegetables, cereals, machinery, paper and paperboard and vehicles and help canidian investment in mining and oil drilling in colombia