Ottawa: Ed Fast, Minister of International Trade has tabled the text of Final Agreement of the Canada-Korea Free Trade Agreement in the House of Commons. Prime Minister Stephen Harper and President Park Geun-hye of South Korea announced the conclusion of the Canada-Korea Free Trade Agreement negotiations on March 11, 2014, in Seoul.
The Canada-Korea Free Trade Agreement is a landmark achievement: it is Canada’s first free trade agreement in the Asia Pacific, one of the fastest-growing and most dynamic regions in the world. South Korea is not only a major economic player and a key market for Canada, but also serves as a gateway for Canadian businesses to the entire Asia-Pacific region.
On the first day it comes into force, the Canada-Korea Free Trade Agreement will provide Canada with preferential new market access to South Korea’s 50 million consumers and annual $1.3-trillion economy. It will bring substantial benefits to Canadian consumers, exporters, producers and investors across Canada from coast to coast to coast.