Legislation to Implement Canada-Colombia Free Trade Agreement Receives Royal Assent

July 7, 2010 at 8:00 am

The Honourable Peter Van Loan, Minister of International Trade, today announced that legislation to implement Canada’s free trade agreement with Colombia has received Royal Assent.

“I’m pleased that this free trade agreement with Colombia, a key market in South America, is now law in Canada,” said Minister Van Loan. “The agreement demonstrates our government’s commitment to an ambitious free trade agenda. The agreement will benefit Canada’s producers and exporters, reduce or eliminate tariffs on nearly all current Canadian exports, and provide a more predictable, transparent and rules-based trading environment for Canadian investors.”

The Canada-Colombia free trade legislation includes parallel agreements on labour cooperation and the environment. Under these agreements, Canada and Colombia agree to respect internationally recognized labour standards and principles, and to pursue high levels of environmental protection as the two countries intensify their commercial relationship.

Source: Canada News Center, Government of Canada

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Entry filed under: Colombia, Free Trade Agreements, North America. Tags: , , , .

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