Canada-European Free Trade Association (Efta) Free Trade Agreement

The free trade agreement between Canada and the European Free Trade Association is a trade agreement between Canada and the member countries of the European Free Trade Association (Iceland, Norway, Switzerland and Liechtenstein). Signed on 26 January 2008 in Davos, Switzerland, it came into force on 1 July 2009. The agreement aims to eliminate all tariffs on goods between Canada and EFTA members. If you have any questions or comments on this free trade agreement, we would like to hear from you. Talk to Global Affairs Canada: 4 The purpose of this legislation is to implement the agreement and bilateral agreements whose objectives, as developed in particular by their provisions, are (d) to create a framework for further cooperation between Canada and EFTA states in light of the evolution of international economic relations. , including liberalizing trade in services and increasing investment opportunities; and (c) to create a level playing field for trade between Canada and EFTA states; The agreement contains provisions relating to technical rules, in accordance with the WTO agreement and other agreements between the parties. Marginal note: Interpretation in accordance with bilateral trade agreements amounted to $10.7 billion in 2006 (with $7.6 billion in Canadian imports from EFTA and $3.1 billion in exports to EFTA). Investments between EFTA and Canada are estimated at $22 billion in 2006. [2] The agreement is Canada`s first free trade agreement with a European nation. [3] On May 5, 2008, Canada introduced legislation to Parliament implementing the free trade agreement. However, the implementing legislation was no longer passed on September 9, 2008 when the legislative elections were declared in Canada.

Legislation on the implementation of the free trade agreement was re-introduced by Canada`s Minister of International Trade, which was introduced on January 28, 2009 in the House of Commons to implement the free trade agreement. February 13, 2020. Canada and EFTA meet for further exploratory discussions on modernizing the agreement Most industrial products, including fish and other seafood, will have duty-free access to the relevant markets as soon as the agreement enters into force. For ships, ships and floating structures imported into Canada, tariffs will be eliminated after a transitional period of up to 15 years. 3 For greater security, this Legislation, any provision of a law passed or amended by Part 2 and any other federal law that implements a provision of the agreement or bilateral agreement or that fulfills a requirement of the Government of Canada under the bilateral agreement or agreement, is interpreted in accordance with the bilateral agreement or agreement. as can be the case.

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