Canada - Colombia

Fast Facts: Free Trade with Colombia

On November 21, 2008, Canada and the Republic of Colombia signed a free trade agreement (FTA). Upon implementation, the FTA will result in fewer barriers to trade and expanded opportunities for Canadian exporters and investors in a broad range of sectors, including agriculture, mining and financial services.

	Colombia
Two-way merchandise trade	$1.35 billion (2008)
Canadian exports	$703.8 million (2008)
Canadian imports	$643.7 million (2008)
Canadian direct investment, stock	$739 million (2008)
Canadian services exports Canadian commercial services exports	$94 million (2005*) $41 million (2005*)

* Latest year for which official data is available

Canadian merchandise exports to Colombia: include miscellaneous meslin and wheat, off-road dump trucks, newsprint, copper wire, potassium chloride, lentils and barley.

Canadian service exports to Colombia: includes mining, oil and gas, engineering, environmental, information and communication sectors.

Canadian imports from Colombia : includes coffee, bananas, coal, oil, sugar and flowers.

Canadian direct investment in Colombia: includes oil exploration, mining, printing, shoe manufacturing, education, and household paper sectors.  

• Removal of barriers that limit Canadian participation in growing markets,
• Elimination of tariffs on Canadian exports to help make Canadian goods more competitive in a range of sectors including: mining, agriculture and agri-food products,
• A level playing field for Canadian business vis-à-vis their competitors who are benefiting from preferential market access terms,
• Enhanced market access for Canadian service providers in areas such as financial, professional (engineering), environmental, mining, oil and gas, and construction services,
• Secure and predictable environment for investors, and
• Lower prices and improved choice for consumers.

• New market opportunities
• New partnerships
• New customers
• New investors
• New links in supply and production chains
• New choices for consumers

More information on the Canada-Colombia FTA.