25th anniversary of Canada-Chile Free Trade Agreement

Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, remembered the 25 anniversary of Canada-Chile Free Trade Agreement (CCFTA) and its parallel agreements on Environment and Labour cooperation.

“This anniversary is an opportunity to reflect on all that our two countries have accomplished through the CCFTA. Since 1997, bilateral merchandise trade between our countries has quadrupled to $3 billion. The stock of Canadian direct investment has grown more than five-fold to reach $23.1 billion, making Canada the second most important foreign investor in Chile with investments across sectors including financial services, energy, infrastructure, mining, and agriculture”, detailed.

In a statement, the minister explained that both countries have shared interests in trade, including the incorporation of a gender perspective in trade issues to ensure that economic growth benefits everyone.

“In 2019, we added a new trade and gender chapter to the agreement under which we have implemented gender‑based analysis plus training, workshops, and video conferences”.