Canada Korea Free Trade Agreement (Ckfta) Threshold
This is Canada`s first free trade agreement in the dynamic and rapidly growing Asia-Pacific region. As part of the most ambitious plan in Canadian history to enter new markets, the Canadian government is working to strengthen economic ties through trade and investment agreements in the Asia-Pacific region. A strong position in this region is critical to Canada`s prosperity, and this agreement is the first step towards realizing the untapped potential in Asia. Contracts should also be aware that a number of agreements on national parks and the Department of National Defence have been signed between departments and certain Aboriginal groups. A reference to these agreements can be found in sections 7 to 10 of the Treasury Board Secretariat Contracting Policy Notice 1997-8. Canada-Colombia Free Trade Agreement (DCFTA) The CKFTA entered into force on August 15, 2011. Chapter 14 of the CCoFTA deals with government procurement and grants Canadian and Colombian suppliers better market access and the right to bid for a wide range of contracts for goods, services and works performed by the Parties` central government bodies. The general principles of the CKFTA are the same as those of other trade agreements: non-discrimination in the treatment of goods, services and suppliers of one Party by the other Party; open competition; and transparent and fair practices. The CCoFTA includes the concept of “increased transparency”, which provides information on specific procurement opportunities not covered by the trade agreement (see paragraph 4 below). (b) The World Trade Organization Agreement on Government Procurement (WTO-GPA) and each free trade agreement contain a list of the United States listing the services that are excluded from that agreement when purchased by the United States. The purchase of the following services is excluded from U.S.
list coverage of the WTO GPA or a free trade agreement, as shown in this table: “Our industry depends on exports and access to international markets to remain competitive and continue to create jobs and income here at home. This agreement is essential to restore a level playing field for Canadian companies in the South Korean market, which is particularly important given the significant growth that the aerospace industry in the Asia-Pacific region will experience in the coming years. We congratulate the Government of Canada on this success and thank its representatives for their continued commitment to increasing Canada`s competitiveness in international markets. Canada has reserved the right, in all its international trade agreements, to maintain its foreign investment system in telecommunications. Nearly 70% of fish and seafood tariff lines will benefit from duty-free access within five years of the entry into force of the Canada-Korea Free Trade Agreement. Tariffs on products such as: Agreement on Internal Trade (AIT) The AIT is an intergovernmental agreement signed and signed in force by Canadian Premiers in 1995. The objective is to promote improved trade between provinces by removing barriers to the free movement of people, goods, services and investment in Canada. With respect to procurement, the AIT emphasizes the elimination of local price preferences, biased technical specifications, unfair registration requirements and other discriminatory practices to ensure equal access to procurement for all interested Canadian suppliers. Colin is a third-generation Prairie farmer who produces cold-pressed canola oil for foodies and specialty stores. It now exports its rapeseed oil duty-free to the United States under the North American Free Trade Agreement. However, Colin`s exports to Asia are hampered by tariffs imposed by key countries, including South Korea.
As part of the Canada-Korea Free Trade Agreement, South Korea, a growing market for canola oil producers, will eliminate the current tariffs of 5 per cent on crude oil and refined canola and 10 per cent on canola. When individuals have disagreements, they have different ways to resolve them. They can try to negotiate with each other or, if that doesn`t work, they can seek the help of an impartial third party such as a mediator, arbitrator or court. Trade disputes between countries work in the same way. Trade agreements include various dispute settlement mechanisms to help governments resolve their disagreements. For example, if consultations cannot resolve a problem, trade agreements offer governments the opportunity to use impartial third parties to resolve the dispute. In some cases, these third parties act as courts in that they hear evidence from both parties and ultimately make binding decisions. Market access under the agreement will help create a level playing field for Canadian manufacturers competing with major producers in the United States or the European Union that already have free trade agreements with South Korea. Ensuring early cooperation on food safety, animal and plant health and health strengthens the protection of Canadians while avoiding misunderstandings that could restrict the free flow of goods.
The CKFTA`s Intellectual Property Chapter provides clear and transparent intellectual property rules that help protect Canadians who own copyrights, patents or trademarks in South Korea. The strong provisions of the Agreement on the Enforcement of Intellectual Property Rights help Canadian intellectual property rights holders do business with confidence in the South Korean market. The forest products sector includes wood products, including products such as cork and basketry, as well as pulp and paper. The Canada-Korea Free Trade Agreement will provide a significant benefit to Canadian wood and forestry producers and exporters seeking to expand their trade opportunities in South Korea. While all South Korean tariff items on pulp and paper and the majority of other tariff items for forest products are duty-free on most-favoured headings (MFNs), South Korea`s timber tariff lines have significant tariffs of up to 10 per cent, putting Canadian exporters at a competitive disadvantage. World Trade Organization – Agreement on Government Procurement (WTO – PGA) The WTO – PGA is a plurilateral trade agreement that aims to increase competition for various goods and services. The WTO – AGP aims to make government procurement laws, regulations, procedures and practices more transparent and to ensure that they do not protect domestic products or suppliers or discriminate against foreign products or suppliers. Canada-Chile Free Trade Agreement (DCFTA) The DCFTA, which entered into force on July 5, 1997, was amended in November 2006 to add a chapter on government procurement that entered into force on September 5, 2008.
The general principles of the DCFTA are non-discrimination in the treatment of goods, services and suppliers of one Party by the other Party; transparency; and open competition. The DCFTA introduces a new concept of “increased transparency”, which provides information on specific procurement opportunities not covered by the trade agreement (see paragraph 4 below). The chapters on trade in goods are the longest and most important section of the Agreement. These chapters deal with measures that have a direct impact on trade in goods and that are felt at the border, such as tariffs and customs procedures, as well as those that are felt “behind the border” – such as product certification and technical standards – that can distort or restrict trade or lead to costs or uncertainty for companies seeking to increase their turnover. The National Treatment and Market Access Chapter of the Canada-Korea Free Trade Agreement protects against trade-restrictive measures that may be applied and that could thereby restrict or nullify market access achieved through tariff elimination. An important feature of the chapter is that it will ensure that Canada and South Korea procure each other `national treatment` once they are in each other`s markets – that is, in the South Korean market, Canadian products must be treated in the same way as products from South Korea. .