3 June 2008

New Air Agreement with the Republic of the Philippines

The following is extracted from a news release issued on 30 May 2008.

The Honourable Helena Guergis, Secretary of State (Foreign Affairs and International Trade) (Sport), today announced the successful conclusion of a new air transport agreement with the Philippines to increase trade and tourism….

The new provisions provide greater market access options for airlines from both countries for passenger-cargo combination services. In addition, both governments reached agreement on a new, flexible regime for the operation of air-cargo services, which will also contribute to the success of Canada's Asia-Pacific Gateway and Corridor Initiative.

In 2007, two-way trade between Canada and the Philippines amounted to $1.2 billion.

The new agreement marks another step forward in the government's move to liberalize Canada's air transport agreements under Canada's Blue Sky policy.

Both countries have agreed to explore further areas for possible liberalization.

Air carriers are reviewing the results of these negotiations to determine what new air services initiatives may be introduced.