Saturday, November 22nd5.4°C
24157
24165

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

23511


Recent Trending




Today's Market
S&P TSX15111.13+35.95
S&P CDNX789.135.56
DJIA17810.0691.06
Nasdaq4712.97+11.102
S&P 5002063.50+10.75
CDN Dollar0.8901-0.0002
Gold1201.50+10.60
Oil76.72+0.87
Lumber331.50+4.50
Natural Gas4.236-0.253

 
Okanagan Companies
Pacific Safety0.155-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.30+0.03
Cantex0.04+0.005
Anavex Life Sciences0.178+0.008
Metalex Ventures0.03+0.005
Russel Metals31.62+0.82
Copper Mountain Mining2.24+0.06
Colorado Resources0.125-0.015
ReliaBrand Inc0.013-0.002
Sunrise Resources Ltd0.050.00
Mission Ready Services0.35+0.015

 
24130


22970

FEATURED Property
197553810-4100 Gallaghers Parkland Dr.
2 bedrooms 3 baths
$719,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...


Be quiet already!

No, you’re not crazy. There really are voices in your head. Voices that keep you from doing what you need to do during your customer care calls. It can be the voice of your teachers, your parent...

_



24156

24156


Member of BC Press Council


24033