4th Round of Korea-Canada FTA Negotiations to be Held
The Korean delegation will be headed by Kim Han-soo, Director-General of the Free Trade Agreement Bureau of the Ministry of Foreign Affairs and Trade (MOFAT) and composed of around 80 representatives from related ministries such as the Ministry of Foreign Affairs and Trade, the Ministry of Finance and Economy, the Ministry of Commerce, Industry and Energy and the Ministry of Agriculture and Forestry.
The Canadian delegation will be headed by Mr. Ian Burney, Director of the Trade Controls Policy Division at the Department of Foreign Affairs and International Trade, and composed of around 40 delegates.
With the aim of concluding a comprehensive FTA of high standards, the two parties will hold sectoral negotiations on topics such as goods, services (finance, communications, transfer of personnel), investment, competition, government procurement, intellectual property rights, e-trade, environment and labor. In addition, the parties will begin negotiations on concessions, exchanging lists of products to be excluded from tariff elimination or subject to long-term abolishment.
The Korea-Canada FTA negotiations are one of the "multi-track" FTA negotiations that the Korean government has actively been pursuing in accordance with its FTA Roadmap. According to the results of a study by the Korea Institute for International Economic Policy (KIEP), if tariffs and non-tariff barriers between Korea and Canada were eliminated with a Korea-Canada FTA, trade between the two countries would increase about 80% in the long term.
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2008년 7월 4일 16:02
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