Post by Daniel on Jul 24, 2015 8:59:35 GMT -5
Canada Bolsters Support of Israel with Expanded Free Trade Agreement
By Raphael Poch July 24, 2015
“Tarshish traded with you because of your great wealth of every kind; silver, iron, tin, and lead, they traded for your wares.” (Ezekiel 27:12)
Canadian Prime Minister Stephen Harper announced this week new updates to a free trade agreement with Israel, called the Canada Israel Free trade Agreement (CIFTA).
In an announcement from the Prime Minister’s Office, Harper said: “The modernized CIFTA will notably provide expanded market access opportunities for agricultural, fish and seafood products through the reduction or elimination of Israeli tariffs on a large number of products, and duty-free access under tariff rate quotas for certain products.”
The new agreement modernizes four major trade areas including market access for goods, rules of origin, institutional provisions and dispute settlement. The updated agreement also adds seven new trade provisions that didn’t exist in the original CIFTA. These chapters cover the areas of trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, intellectual property, electronic commerce, labor and environment.
Israel and Canada originally formed a free trade agreement in 1996 and enacted on January 1, 1997. The goals of the original CIFTA agreement sought to eliminate trade barriers and tariffs, promote fair competition and increase investments between the two nations.
continue reading
www.breakingisraelnews.com/45728/canada-bolsters-support-of-israel-with-expanded-free-trade-agreement-jerusalem/
By Raphael Poch July 24, 2015
“Tarshish traded with you because of your great wealth of every kind; silver, iron, tin, and lead, they traded for your wares.” (Ezekiel 27:12)
Canadian Prime Minister Stephen Harper announced this week new updates to a free trade agreement with Israel, called the Canada Israel Free trade Agreement (CIFTA).
In an announcement from the Prime Minister’s Office, Harper said: “The modernized CIFTA will notably provide expanded market access opportunities for agricultural, fish and seafood products through the reduction or elimination of Israeli tariffs on a large number of products, and duty-free access under tariff rate quotas for certain products.”
The new agreement modernizes four major trade areas including market access for goods, rules of origin, institutional provisions and dispute settlement. The updated agreement also adds seven new trade provisions that didn’t exist in the original CIFTA. These chapters cover the areas of trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, intellectual property, electronic commerce, labor and environment.
Israel and Canada originally formed a free trade agreement in 1996 and enacted on January 1, 1997. The goals of the original CIFTA agreement sought to eliminate trade barriers and tariffs, promote fair competition and increase investments between the two nations.
continue reading
www.breakingisraelnews.com/45728/canada-bolsters-support-of-israel-with-expanded-free-trade-agreement-jerusalem/
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