Canada-European Free Trade Association Free Trade Agreement
- Canada-European Free Trade Association Free Trade Agreement
The Canada-European Free Trade Association Free Trade Agreement is a free trade agreement between Canada and the European Free Trade Association (Iceland, Norway, Switzerland and Liechtenstein). Signed in Davos, Switzerland on January 26, 2008, it is expected to come into effect on January 1, 2009. The agreement is aimed at eliminating all tariffs on goods.
Bilateral trade totaled $10.7 billion in 2006 (With Canadian imports from the EFTA valued at $7.6 billion and Exports to the EFTA at $3.1 Billion). Investments between the EFTA and Canada are valued at $22 billion in 2006. [ [http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/efta-aele.aspx Canada - European Free Trade Association (EFTA) ] ]
The agreement will eliminate almost all tariffs once it comes into effect, with certain agricultural and fishery products being excluded from immediate tariff elimination. [ [http://www.milgram.com/milgram/en/news/article?id=4091 : Milgram | News | News Article : ] ]
The agreement will be Canada's first free trade agreement with any European nation. [ [http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/efta-facts.aspx?lang=en Canada - European Free Trade Association (EFTA) ] ]
See also
*Economy of Canada
*European Free Trade Association
*Trade bloc
*Economy of Iceland
*Economy of Norway
*Economy of Liechtenstein
*Economy of Switzerland
References
Wikimedia Foundation.
2010.
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