Canada-Colombia FTA Comes into Effect19 August 2011
CANADA & COLOMBIA - The Canada-Colombia Free Trade Agreement took effect on 15 August 2011. This agreement will result in fewer barriers to trade and expanded opportunities for Canadian exporters and investors in a broad range of sectors.
Colombian import tariffs on Canadian beef are scheduled to be reduced to zero over a 12 year period with set amounts of tariff rate duty free quotas growing over that period and eventually providing Canadian beef with unlimited duty free access. Duties on Canadian pork will be phased out over 13 equal annual stages and will be duty free after that.
Set amounts of tariff rate quotas shall start at 20 per cent duty and phase out to zero within the tariff rate quota in five equal annual stages.
The Canadian meat industry is the country’s largest processing sector with some 67,500 employees and gross annual sales of more than $ 21.3 billion. Last year Canada exported more than $1.4 billion of beef and over $2.8 billion of pork to over 150 different countries around the world.
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