TORONTO, ON—The Canadian Courier & Logistics Association (CCLA) applauds the announcement by Prime Minister Stephen Harper and South Korean President Park Geun-hye of the Canada-Korea Free Trade Agreement (FTA).
The agreement reached after ten years of negotiating will broaden trade with the fifth largest economy in Asia. It will also serve as a template for negotiating trade agreements with other nations in the Asia-Pacific region. Following the Canada Europe Trade Agreement (CETA) the government has again demonstrated its priority of expanded international opportunities for business.
“Diversifying export opportunities for Canadian enterprises will make our nation more resilient to regional economic trends. We anticipate the agreement will benefit consumers as well as generate new growth and export opportunities for small, medium and large enterprises.” said David Turnbull, CCLA president & CEO.
CCLA is pleased to note that the agreement provides clear and simple rules of origin, as well as transparent and effective origin procedures to administer the rules without creating unnecessary barriers to trade. In addition, the Canada-South Korea FTA includes advance rulings on origin and tariff classifications, promotion of automated border procedures and an impartial and transparent system for addressing complaints about Customs issues.
The Canadian Courier & Logistics Association represents and advances the interests of couriers and time sensitive logistics service providers operating in Canada. The CCLA undertakes advocacy, research and education on matters impacting our industry and its contribution to the global competitiveness of the Canadian economy.