Canada and Chile Conclude New Chapter in Free Trade Agreement

November 11, 2014

The Honourable Ed Fast, Minister of International Trade, and Heraldo Muñoz, Chile’s Minister of Foreign Affairs, today announced that the two countries have concluded a new technical barriers to trade (TBT) chapter within the Canada-Chile Free Trade Agreement (CCFTA). The chapter also includes two annexes to address TBT issues for ice wine and organic products...

The new chapter contains strong controls on non-tariff measures, which will ensure Canadian businesses continue to reap the benefits of the agreement and prevent gains in market access from being undermined by a lack of transparency or unjustified trade restrictions. These controls are supported by bilateral dispute settlement provisions. ...

Quick Facts:

Two-way merchandise trade has more than tripled since the CCFTA came into force in 1997 and totalled $2.6 billion in 2013...

This has been excerpted from 10 November 2014 news release by Foreign Affairs, Trade and Development Canada.

Topic(s)

Trade Agreements

Information source

Global Affairs Canada (GAC)

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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