Canada Korea Free Trade Agreement

Text of the agreement, benefits to Canadians and customs information. How the agreement will benefit Canadian economic sectors, businesses, provinces and territories. The Canada-Korea Free Trade Agreement[1] (CKFTA) is a free trade agreement between Canada and South Korea. The agreement was reached on March 11, 2014 at the Blue House in Seoul by Stephen Harper, Prime Minister of Canada, and Park Geun-hye, President of South Korea. [2] [3] [4] This is the first free trade agreement between Canada and an Asia-Pacific nation. [5] The agreement entered into force on 1 January 2015. [1] Transparent and objective treatment by regulators is critical to the success of Canadian and South Korean service providers. The CKFTA contains provisions on national rules that facilitate trade in services by ensuring that service providers applying for an authorisation to provide services are informed of the decision to implement that decision within a reasonable time. The applicant also has the right to immediately obtain information on the status of the application.

More broadly, Canada and South Korea reaffirmed their commitment to ensuring that national regulatory measures relating to licensing and qualification requirements and procedures are clear, publicly available, objective and impartial. . . .