The Free Trade Agreement between Canada and the Republic of Colombia (Canada-Colombia Free Trade Agreement, “CCOFTA”) provides for the liberalization of various types of economic activities, including trade in goods, trade in services, foreign investment, and government procurement. Free trade with Colombia is consistent with Canada’s Americas Strategy, which focuses its engagement on increasing economic opportunity, strengthening security and institutions, and building a stable foundation for Canada’s engagement by deepening our relationships. Economic growth through liberalized, rules-based trade and investment can help create new wealth and employment opportunities. This growth may also help solidify efforts by governments to create more prosperous democracies and to reduce poverty.
On November 21, 2008, Canada and Colombia signed the CCOFTA as well as theAgreement on Labour Cooperation between Canada and the Republic of Colombia (“Labour Cooperation Agreement”) and the Agreement on the Environment between Canada and the Republic of Colombia (“Environment Agreement”). Implementing legislation for these agreements was introduced in Parliament on March 10, 2010, passed on June 21, 2010, and received Royal Assent on June 29, 2010. The CCOFTA entered into force on August 15, 2011, shortly after a visit by Prime Minister Stephen Harper to Colombia.
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