Published by Brad Fougere on October 03, 2014
In honour of the Canada-Honduras Free Trade Agreement coming into effect October 1, Canadian Manufacturers & Exporters (CME) and Honduras signed an MOU to promote business-to-business relations and enhance bilateral trade between the Latin American country and Canada.
The historic free trade agreement includes provisions on market access for goods, services, investment and government procurement. Almost 98 percent of each country’s tariff lines will ultimately be duty-free once the agreement is fully implemented.
The agreement will benefit Canadian workers and businesses across the country and in key sectors of the Canadian economy, including agriculture, professional services, value-added food processing and manufacturing, as well as commodity- and resource-based industries.
Engagement in the Americas has been a Canadian foreign policy priority since 2007. The Canada-Honduras Free Trade Agreement, Canada’s seventh free trade agreement in the Americas, is another important step toward creating the conditions for a dynamic, transparent and rules-based commercial and investment environment with economic partners in the Americas.