Wednesday, August 12, 2009

Canada: Trade Agreement Signed with Panama

(New York Times – Bloomberg)

Prime Minister Stephen Harper of Canada and President Ricardo Martinelli of Panama [have] signed a free trade agreement, continuing Canada’s efforts to bolster investment and trade in the region after talks at the Doha round of World Trade Organization negotiations stalled. The agreement will remove tariffs on 90% of goods imported from Canada, with those remaining to be phased out over the next decade, Mr. Harper’s office said.

Canada exported $128 million Canadian dollars ($118 million) of goods like meat, forest products and flight simulators to Panama in 2008, up 48% from 2007, the office said.