Home / Knowledge / News / Textiles / FTA concluded with Canada to bring economic benefits
FTA concluded with Canada to bring economic benefits
05
Jun '08
A Free Trade Agreement was signed between Peru and Canada on May 29 which is recognized as crucial for the economic enhancement of the country in future.

President Alan Garciaas of Peru seemed overwhelmed by the conclusion of this agreement with Canada and wishes to bring about similar trade deals with other potential countries having markets for Peruvian exports and vice-versa.

The President also asserted the direct benefits emerging from the trade agreement especially when the country will be able to direct its large textile exports into Canadian market. Besides, this pact would also generate thousands of jobs for the unemployed.

The agreement between the two countries highlights two very import accords. While one deals with labor the other encompasses environmental protection regulations. The latter will need to be adhered stringently, that is, exports to Canada must meet standards of environmental conservation.

In 2007, the average value of exports from Peru to Canada reached US $1.78 billion and the deal with Peru could help Canada in its negotiations with other South American countries such as Ecuador and Bolivia, as well as negotiations with countries in Central America and the Caribbean nations.

Besides, there is a significant amount of foreign direct investment(FDI) by Canadians in Peru.

The overall Canadian FDI in Peru has mushroomed over the last decade, from virtually nothing in 1992, to $2.9 billion in 2006.

Must ReadView All

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

View of YiwuTex 2016; Courtesy: YiwuTex

Textiles | On 28th Feb 2017

Smart knitting system to grace 18th YiwuTex 2017

The thematic functional knitting machinery zone at the 18th YiwuTex...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search