The Canada-Korea Free Trade Agreement

September 23, 2014

...On September 22, 2014, Prime Minister Stephen Harper and Park Geun-hye, President of the Republic of Korea, witnessed the signature of the Canada-Korea Free Trade Agreement, Canada’s first free trade agreement in the Asia-Pacific region. Canadian and Korean officials are working diligently through the remaining steps toward the Agreement’s entry into force so that consumers, workers and businesses in both countries can access CKFTA-related benefits and opportunities as soon as possible.

For Canada, next steps include the introduction and passage of implementing legislation, followed by regulatory updates. For Korea, next steps include review and approval by the Korean National Assembly of a ratification bill. Once these provisions are complete, Canada and Korea will exchange diplomatic notes, required for entry into force, to notify each other of the completion of their domestic procedures...

This has been excerpted from the 22 September 2014 news release by the Office of the Prime Minister.

Topic(s)

Trade Agreements

Information source

Global Affairs Canada (GAC)

Disclaimer

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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