Canada-Colombia trade deal takes effect
2008 deal now in force removes tariffs on coal from Colombia, wheat from Canada
CBC News
Posted: Aug 15, 2011 5:38 PM ET
Last Updated: Aug 15, 2011 5:38 PM ET
A free trade agreement between Canada and Colombia came into force Aug. 15. On Aug. 10, Prime Minister Stephen Harper spoke at a press conference in Bogota, Colombia. (Adrian Wyld/Canadian Press)
Related
Related Links
External Links
(Note:CBC does not endorse and is not responsible for the content of external links.)
The Canada-Colombia Free Trade Agreement came into force on Aug. 15, 2011. The deal removes or reduces most tariffs on trade between the two countries.
The agreement was reached in 2008 and received royal assent in Canada in 2010.
Two-way trade between Canada and Colombia totalled $1.4 billion in 2010. So what do the two countries trade?
Here are the top five Canadian imports from Colombia and the top five exports to Colombia, based on the average value for 2004-2006:
| Canadian imports from Colombia | Canadian exports to Colombia |
| Coal | Wheat |
| Coffee | Newsprint and paper |
| Bananas | Machinery and equipment |
| Fuel oil | Off-highway dumpers* |
| Cut flowers* | Pulses (beans, peas, lentils) |
| The top five imports account for 80 per cent of Canada's imports from Colombia. | The top five exports account for 70 per cent of Canada's exports to Colombia. |
| Wheat alone represents 22 per cent but that is just 2.5 per cent of the wheat Canada exports worldwide. | |
| *Half the cut flowers that Canada imports come from Colombia. | *Almost a quarter of the off-highway, heavy-duty dump trucks that Canada exports go to Colombia. |
| (Source: Department of Foreign Affairs and International Trade, Canada) |
Share Tools
Top News Headlines
- Harper chief of staff resigns amid Senate expense scandal
- Nigel Wright has resigned as Prime Minister Stephen Harper's chief of staff, following revelations he wrote a $90,000 cheque to repay living expenses claimed by Senator Mike Duffy. more »
- Jeep driver apologizes after stunt kills Edmonton woman
- A man claiming to be the driver of a Jeep that struck and killed a spectator at a charity event in Edmonton says he is sorry for what happened. more »
- Senior Pakistani politician Zahra Shahid shot dead
- Voting in Karachi goes ahead a day after gunmen killed a senior member of Imran Khan's Movement for Justice (PTI) party outside her home in Karachi. more »
- Saudi coronavirus work stymied at Canadian lab
- The National Microbiology Laboratory in Winnipeg is working with a sample of the new coronavirus that's causing clusters of infections abroad - but can't share the material with other researchers across the country despite the public health urgency. more »
Must Watch
Latest Business Headlines
- 1 year later, Facebook stock remains below IPO price
- A year after Facebook's high profile IPO, investors are still skeptical about its prospects and the stock price is wallowing. more »
- IRS's integrity at stake in scandal over screening of conservative groups
- Unloved in the best of times, the Internal Revenue Service will have to scramble to convince U.S. lawmakers and the public that its intentions were pure, not partisan, when it subjected groups affiliated with the Tea Party movement and other conservative causes to special scrutiny. more »
- GM shares close above IPO price for 1st time in 2 years
- Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 US for the first time in more than two years. The day wasn't bad for GM's rivals either, with Ford shares closing above $15 for the first time since May 2011 and Toyota, Honda and Nissan all hitting 52-week intraday highs. more »
- AECL to cost $236M more than expected this year
- A new report from the parliamentary budget officer shows Atomic Energy of Canada Ltd. continues to be a drain on the public purse and will cost an additional $236 million this year. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12613.05 | 105.45 |
| DOW | 15354.40 | 121.18 |
| NASDAQ | 3498.97 | 33.73 |
| SP 500 | 1667.47 | 17.00 |
| TSX-VENTURE | 934.68 | 1.82 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- Remains found on murder suspect Millard's Ontario farm
- Petition looks to rename Victoria Day
- Vancouver man attacked, killed in Costa Rica
- Jeep driver apologizes after stunt kills Edmonton woman
- Rob Ford should resign if allegations true, councillors say
- Harper chief of staff resigns amid Senate expense scandal
- Missing Toronto woman's parents unfazed by Millard link
- Saudi coronavirus work stymied at Canadian lab
- Man charged in stabbings near Kingsway transit station

