Canada-Panama Free Trade Agreement reflects Canada’s ambitious pro-trade plan to create jobs and provide Canadian exporters with a competitive edge
April 1, 2014 - Ottawa, Ontario - Foreign Affairs, Trade and Development Canada
The Honourable Ed Fast, Minister of International Trade, today marked the first anniversary of the coming into force of the Canada-Panama Free Trade Agreement (FTA).
Panama is one of the fastest-growing markets in Latin America. On April 1, 2013, the Canada-Panama trade agreement eliminated tariffs on more than 90 percent of Canadian goods exported to Panama, directly benefiting Canadian exporters in a variety of sectors, including aerospace, pharmaceuticals, pulp and paper, and agriculture and agri-food.
Other elements covered by the Canada-Panama FTA include market access for goods, cross-border trade in services, telecommunications, investment, financial services and government procurement.
Since 2006, Canada has concluded free trade agreements with 10 countries, including the recent Canada-Korea Free Trade Agreement, Canada’s first free trade agreement in Asia. The year 2013 was a historic one for trade, with Canada reaching an agreement-in-principle with the European Union and launching the Global Markets Action Plan.
Shannon Gutoskie
Press Secretary
Office of the Honourable Ed Fast
Minister of International Trade
613-992-7332
Media Relations Office
Foreign Affairs, Trade and Development Canada
613-995-1874
media@international.gc.ca
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