Monday, May 25th14.5°C
26424
25218

QuickFacts: Key facts and figures on Canada-South Korea trade deal

OTTAWA - After almost a decade of difficult, on-and-off again talks, Canada and South Korea have agreed to a comprehensive free trade agreement, the first for Canada with an Asian-Pacific nation. Here are some key facts about the deal.

— South Korea gross domestic product: $1.1 trillion.

— Canada gross domestic product: $1.8 trillion.

— Canada-South Korea merchandise trade in 2012: $10.1 billion.

— Average South Korea tariffs on Canadian goods: 13.3 per cent.

— Average Canadian tariffs on South Korean goods: 4.3 per cent.

— Tariff lines to be eliminated by South Korea once deal fully implemented: 98.2 per cent.

— Tariff lines to be eliminated by Canada once deal fully implemented: 97.8 per cent.

— Tariff lines to be eliminated by South Korea on first day of implementation: 81.9 per cent.

— Tariff lines to be eliminated by Canada on first day of implementation: 76.4 per cent.

The Canadian Press


Read more Business News

26404


Recent Trending




Today's Market
S&P TSX15195.43-5.33
S&P CDNX701.95-1.53
DJIA18232.02-53.72
Nasdaq5089.36-1.43
S&P 5002126.06-4.76
CDN Dollar0.8127-0.0006
Gold1204.30+1.30
Oil57.45-1.98
Lumber273.80+3.70
Natural Gas2.887-0.064

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.49+0.01
Cantex0.03-0.01
Anavex Life Sciences0.425+0.053
Metalex Ventures0.09+0.01
Russel Metals25.86+0.07
Copper Mountain Mining1.33-0.05
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



26401

FEATURED Property
8519974377 Wallace Hill Road
3 bedrooms 3 baths
$1,675,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_



25217

26363


Member of BC Press Council


25479