Related Keywords: Free trade agreement, Korea Canada FTA, liberalize trade, President Park Genu-hye, Prime Minister Stephen Harper, textile tariffs
It has been nine years since the two countries, Korea and Canada began negotiating the terms of the Free Trade Agreement (FTA) in 2005. President Park Geun-hye, who is currently making a state visit to Canada, will hold a summit meeting on the 23rd with Canadian Prime Minister Stephen Harper at Ottawa and sign a free trade agreement.
According to Ahn Jong-beom, the senior presidential economic adviser, the Korea-Canada FTA will liberalize trade between the two countries by 92-95 percent within three years and by 99 percent within ten years in terms of import volume.
