Tuesday, July 7th33.6°C
26939
25998

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




Recent Trending




Today's Market
S&P TSX14624.50+30.93
S&P CDNX652.83-10.50
DJIA17776.91+93.33
Nasdaq4997.46+5.52
S&P 5002081.34+12.58
CDN Dollar0.7863-0.0043
Gold1153.50-19.40
Oil53.61+0.48
Lumber281.70-2.00
Natural Gas2.728-0.028

 
Okanagan Companies
Pacific Safety0.18+0.01
Knighthawk0.010.00
QHR Technologies Inc1.50-0.02
Cantex0.05+0.02
Anavex Life Sciences0.53+0.01
Metalex Ventures0.065-0.010
Russel Metals22.58+0.19
Copper Mountain Mining1.04-0.05
Colorado Resources0.09+0.01
ReliaBrand Inc0.0065+0.0005
Sunrise Resources Ltd0.03-0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.00

 





FEATURED Property
2331912Shuswap Falls RV Resort
$107,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Increase property value

Photo: Thinkstock.comHere are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment five to six times what t...


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...

_








Member of BC Press Council


26916