Wednesday, October 1, 2014

Canada-Honduras FTA Enters into Force

Today the Honourable Ed Fast, Canadian Minister of International Trade, and Mireya Aguero, Minister of Foreign Affairs of Honduras, celebrated the entry into force of the Canada-Honduras Free Trade Agreement and parallel agreements on labour and environmental cooperation.

The free trade agreement includes provisions on market access for goods, services, investment and government procurement. Almost 98 percent of each country’s tariff lines will ultimately be duty-free once the agreement is fully implemented. For apparel and home textiles the rule of origin, in general, is:

  • for knits, yarn forward,

  • for wovens of wool or man-made filament fibers, fabric forward, and

  • for wovens of cotton or man-made staple fibers, yarn forward.

Engagement in the Americas has been a Canadian foreign policy priority since 2007. The Canada-Honduras Free Trade Agreement, Canada’s seventh free trade agreement in the Americas, is another important step toward creating the conditions for a dynamic, transparent and rules-based commercial and investment environment with economic partners in the Americas.

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