Canada And Chile Free Trade Agreement

The Canada-Chile Free Trade Agreement (CCFTA) is a Canada-Chile trade agreement. It was signed in Santiago, Chile on July 5, 1997. Tariffs on 75% of bilateral trade were immediately abolished. [1] It was Canada`s first free trade agreement with a Latin American nation (except Mexico) and was Chile`s first comprehensive free trade agreement. Over the first ten years, trade between Canada and Chile increased by more than 300%, with merchandise trade increasing from $718 million in 1996 to $2.7 billion in 2010. Bilateral trade in services increased through 2005 to $164 million. Canadian investment in Chile was $13.3 billion in 2010 and Canada was the largest source of new investment in Chile. [2] If you have any questions or comments on this free trade agreement or on environmental and labour cooperation agreements, we would like to hear from you. Please contact Global Affairs Canada at: Like NAFTA, Appendix K-03. I.1 of the CCFTA, which supports the “business travellers” category, does not contain an exhaustive list, but illustrates the types of activities normally carried out by business visitors. No new activity has been added to Appendix K-03. I.1 in relation to NAFTA, but the following activities have been removed to reflect the bilateral agreement between Canada and Chile: Full text of the CCFTA and parallel agreements on environmental and professional cooperation February 5, 2019 came into force the modernized Canada-Chile Free Trade Agreement (CCFTA), which supported an open trading environment , inclusive and progressive rules-based.

The CCFTA is the cornerstone of Canada`s strong trade and investment relationship with Chile. Since its launch in 1997, the CCFTA has brought benefits to both countries. Bilateral merchandise trade has almost quadrupled since the Canada-Chile Free Trade Agreement came into force, reaching $2.9 billion in 2017. At the end of 2017, the share of Canadian investment in Chile was $17.1 billion, making Chile the leading target for direct investment in South and Central America. In 2017, Canada and Chile signed amendment agreements to modernize the CCFTA and support an open, inclusive and rules-based trading environment. In 2015, Prime Minister Justin Trudeau entrusted his Minister of International Trade, Chrystia Freeland, with the extension of the CCFTA in his mandate letter. [4] The requirements for NAFTA professionals have been maintained and continue to apply to Chilean occupations. However, for 14 of the occupations, minimum training requirements and alternative qualifications in Chile, such as the chilean university title, were added as alternatives to the requirements set by NAFTA to take into account Chile`s education system. Case 6: for each property described in box 5, the six-digit HS rate classification.

When the type of goods is subject to a particular rule of origin in Appendix D-01, which requires eight digits, you identify it using the HS nomenclature of the country in which the goods are imported. “higher education titles,” any document issued by universities recognized by the Chilean government and considered equivalent to the minimum requirements for alternative education and training for this occupation.

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