Weather

Current Conditions
13.8 C
Sunny
Today's Forecast
9 C
Clearing
Sponsored by Highland Ford

News And Views

Classifieds

Announcements

Entertainment

Shop Local

More Local

Search The Web

Google Search

National News

QuickFacts: Facts, figures on Cda-Korea deal

QuickFacts: Facts, figures on Cda-Korea dealPrime Minister Stephen Harper takes part in a wreath laying ceremony in Seoul, South Korea on Tuesday, March 11, 2014. THE CANADIAN PRESS/Sean Kilpatrick

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.

Advertising | Membership | Terms of Service | Privacy Policy | About SooToday.com | Contact Us | Feedback

Copyright ©2014 SooToday.com - All rights reserved