NewsWhore
06-08-2007, 04:10 PM
On the occasion of yesterday's International Trade Day, Canadian International Trade Minister David Emerson told a Canadian Chamber of Commerce audience that the government of Canada plans to resume talks aimed at signing a free trade agreement with the Dominican Republic. "Today, I can announce that we are launching free trade negotiations with Colombia and Peru, and with the Dominican Republic," stated Emerson at the event. He announced that he has already instructed officials to begin talks "over the next few weeks."
The Canadian government announced a more aggressive strategy intended to reach out to Canadian friends and partners throughout the Americas to re-energize business relationships and build a hemispheric advantage.
In addition, he announced that Canada intends to initiate free trade discussions with the Caribbean community (Caricom) and conclude negotiations with Central America (CA4).
From the Canadian perspective, an FTA with the Dominican Republic will stimulate trade and help level the playing field for Canadian business vis-a-vis their competitors, namely the US, that is benefiting from DR-CAFTA preferential access terms.
The Canadian government says that two-way merchandise trade between Canada and the DR is increasing and totaled nearly $277 million in 2006. Canadian direct investment in the Dominican Republic was valued at $1.8 billion in 2006. Canada's commercial services exports to the Dominican Republic totalled approximately $24 million in 2004 (the latest year for which official data is available). The successful conclusion of the agreement is expected to expand opportunities for Canadian exporters and investors in agriculture, mining, communications, financial services and tourism.
See http://w01.international.gc.ca/minpub/Publication.aspx?... (http://w01.international.gc.ca/minpub/Publication.aspx?isRedirect=True&publication_id=385206&language=E&docnumber=2007/23)
More... (http://www.dr1.com/index.html#2)
The Canadian government announced a more aggressive strategy intended to reach out to Canadian friends and partners throughout the Americas to re-energize business relationships and build a hemispheric advantage.
In addition, he announced that Canada intends to initiate free trade discussions with the Caribbean community (Caricom) and conclude negotiations with Central America (CA4).
From the Canadian perspective, an FTA with the Dominican Republic will stimulate trade and help level the playing field for Canadian business vis-a-vis their competitors, namely the US, that is benefiting from DR-CAFTA preferential access terms.
The Canadian government says that two-way merchandise trade between Canada and the DR is increasing and totaled nearly $277 million in 2006. Canadian direct investment in the Dominican Republic was valued at $1.8 billion in 2006. Canada's commercial services exports to the Dominican Republic totalled approximately $24 million in 2004 (the latest year for which official data is available). The successful conclusion of the agreement is expected to expand opportunities for Canadian exporters and investors in agriculture, mining, communications, financial services and tourism.
See http://w01.international.gc.ca/minpub/Publication.aspx?... (http://w01.international.gc.ca/minpub/Publication.aspx?isRedirect=True&publication_id=385206&language=E&docnumber=2007/23)
More... (http://www.dr1.com/index.html#2)