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May 23, 2018
Canada and the Pacific Alliance complete fourth round of trade negotiations
Bridges Weekly reports that the fourth round of negotiations between the Pacific Alliance and its "associate members" was held in Ottawa from May 12 to 18.
The Pacific Alliance is a regional integration initiative created in 2011 by Chile, Colombia, Mexico and Peru. In May 2016, the Pacific Alliance removed 92% of tariffs on goods traded between members. The rest of the tariffs will be removed by 2020.
The "associate members" in the current negotiations consist of Canada, Australia, New Zealand and Singapore.
The fourth round was focused on access to markets and national treatment, commercial defense, rules of origin, trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, public procurement and other matters matters.
In the third round - held in March in Chile - the negotiators managed to close negotiations on cooperation, SMEs and regulatory improvement.
Canada already has comprehensive stand-alone free trade agreements with each of the four members of the Alliance, Chile, Colombia, Mexico and Peru.
For Canada, the negotiations on a free trade agreement with the Pacific Alliance as a bloc offers the opportunity to build links between overlapping bilateral agreements that would otherwise operate independently.
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