The Canada–Costa Rica Free Trade Agreement (CCRFTA) is a free trade agreement between Costa Rica and Canada. It was signed on April 23, 2001 in Ottawa, Ontario, and came into effect on November 1, 2002. It is the first bilateral free trade agreement to include innovative stand-alone procedures on trade.[vague] 87% of all tariffs on agricultural products were eliminated, either immediately, or over a 7-14 year period. Tariffs on many other industries like automotive goods and goods were also eliminated. Several sectors of agriculture were excluded from the treaty; eggs, dairy, poultry and beef being excluded, and Costa Rica decided to leave potatoes out of the FTA. Both nations agreed to use the World Trade Organization rules for sanitary and phytosanitary issues (known as the SPS agreement).[1]
The main goals of the FTA include:
The establishment of free trade
The creation of opportunities for economic development
The elimination of trade barriers
The promotion of fair competition
In the first 3 years of the agreement, trade increased by 36% (from $324 million to $440 million).[2]
There are a number of ongoing negotiations for modernization of the agreement.
Referencesedit
^. Archived from the original on 2016-03-03. Retrieved 2008-05-27.
^International Trade Law - World Trade Organization (WTO)
^. Archived from the original on 2008-09-08. Retrieved 2008-05-27.
^"Report - Trade Data Online - Import, Export and Investment - Innovation, Science and Economic Development Canada".
External linksedit
January 01, 1970
canada, costa, rica, free, trade, agreement, ccrfta, free, trade, agreement, between, costa, rica, canada, signed, april, 2001, ottawa, ontario, came, into, effect, november, 2002, first, bilateral, free, trade, agreement, include, innovative, stand, alone, pr. The Canada Costa Rica Free Trade Agreement CCRFTA is a free trade agreement between Costa Rica and Canada It was signed on April 23 2001 in Ottawa Ontario and came into effect on November 1 2002 It is the first bilateral free trade agreement to include innovative stand alone procedures on trade vague 87 of all tariffs on agricultural products were eliminated either immediately or over a 7 14 year period Tariffs on many other industries like automotive goods and goods were also eliminated Several sectors of agriculture were excluded from the treaty eggs dairy poultry and beef being excluded and Costa Rica decided to leave potatoes out of the FTA Both nations agreed to use the World Trade Organization rules for sanitary and phytosanitary issues known as the SPS agreement 1 The main goals of the FTA include The establishment of free trade The creation of opportunities for economic development The elimination of trade barriers The promotion of fair competition In the first 3 years of the agreement trade increased by 36 from 324 million to 440 million 2 It has been proposed that the Free Trade Area of the Americas be modeled after the CCRFTA 3 Contents 1 History of trade balances 2 Negotiations for modernization 3 References 4 External linksHistory of trade balances editTrade Type 2010 2011 2012 2013 2014 2015 2016 Total Canadian Exports 99 930 160 756 185 463 114 618 152 066 162 704 144 362 Total Canadian Imports 436 057 475 705 513 405 590 949 578 028 503 119 508 510 Trade Balance 336 127 314 949 327 942 476 331 425 962 340 415 364 148 4 Amounts in thousands of Canadian dollars Negotiations for modernization editThere are a number of ongoing negotiations for modernization of the agreement References edit AAFC Trade Agreements Canada Costa Rica Free Trade Agreement CCRFTA Archived from the original on 2016 03 03 Retrieved 2008 05 27 International Trade Law World Trade Organization WTO Competition Bureau Canada Costa Rica Agreement Could Provide Framework for Competition Policy in FTAA Archived from the original on 2008 09 08 Retrieved 2008 05 27 Report Trade Data Online Import Export and Investment Innovation Science and Economic Development Canada External links editText of the treaty Retrieved from https en wikipedia org w index php title Canada Costa Rica Free Trade Agreement amp oldid 1104784295, wikipedia, wiki, book, books, library,
