Canada Efta Free Trade Agreement

(d) establish a framework for continued cooperation between Canada and EFTA states in light of evolving international economic relations, including liberalizing trade in services and increasing investment opportunities; and THE ALECE consists of a major free trade agreement on selected industrial and processed agricultural products and three bilateral agricultural agreements signed with Norway, Iceland and Switzerland on certain agricultural products. Switzerland and Liechtenstein have a customs union and the agreement with Switzerland covers both countries. These four agreements must cooperate to remove tariffs on all non-agricultural products and to remove or reduce tariffs on certain agricultural products. February 13, 2020. Canada and EFTA meet to continue exploratory discussions on modernizing the agreement. The agreement provides tariff concessions for processed agricultural products. Tariff concessions for certain agricultural commodities are covered by bilateral agricultural agreements, which are part of the instruments for creating a free trade area between the contracting parties. Note:interpretation in accordance with the agreement (b) promote the harmonious development of economic relations between Canada and EFTA states by extending reciprocal trade to promote economic activity in Canada and EFTA states; In 1999, Canada opened free trade negotiations with EFTA. Negotiations were successfully concluded in June 2007 and the Canada-EFTA free trade agreement was signed on January 26, 2008.

The CTATA has been accompanied by bilateral agricultural agreements between Canada and each EFTA state. Both came into force on July 1, 2009. The agreement removes almost all tariffs, excluding certain agricultural and fishing products from the immediate abolition of tariffs. [1] Part 1 of the Act approves the free trade agreement and bilateral agreements and provides for Canada to stop its share of spending on the implementation of the institutional aspects of the free trade agreement and the governor`s authority to adopt the provisions of the agreement in the Council. For eFTA-Canada trade statistics, see AELE Trade Statistics Tool Goods, which are not included in bilateral agricultural agreements, can be shipped directly to Canada from one of the EFTA countries, with or without coverage. For any bilateral agricultural agreement, goods must be shipped directly to Canada from the EFTA country where the goods are produced, with or without transfer. The parties recognize the growing importance of trade in services and investment in their economies. They agree to cooperate to create the most favourable conditions for investment expansion and further liberalization and reciprocal market opening to trade in services, taking into account the work underway under the aegis of the WTO.

They also agree to encourage the competent authorities in their territory to cooperate in the mutual recognition of the accreditation and certification of professional service providers and to facilitate the temporary entry of service providers in accordance with the applicable legislation of each party.

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