Much like other free trade agreements signed by Canada with countries in the Americas, the Canada-Colombia Free Trade Agreement (Canada-Colombia FTA) is a reflection of NAFTA. In addition, the agreement is based on the Canada-Peru Free Trade Agreement. Work permits issued under this agreement are excluded from the Labour Market Impact Assessment (LMIA), which significantly reduces the time it takes for the worker to work in Canada. In addition, it is now possible to attract new Canadian investment in strategic Colombian sectors that add high value, including telecommunications, financial services and mining. PROCOLOMBIA has identified several specific opportunities for partnerships and trade with Canadian companies, both in government procurement and in the export of high-potential products, such as consulting services, telemedicine, call centres, online translation services, data processing, COMPUTER services and related software services, telecommunications and design, among others. The list of eligible professional and technical occupations in Annex 1203.D is also different from that of professions eligible under NAFTA and the Chilean Free Trade AGREEMENT. It includes, in particular, technical professions which are not included in these other agreements. This is the first trade agreement with Colombia with a developed country, which allows consumers to obtain goods and services from domestic producers in both countries on preferential terms. The new free trade agreement, originally approved in 2010, is also Colombia`s first free trade agreement in North America.
The Canada-Europe Comprehensive Economic and Trade Agreement (CETA) as well as the free trade agreements between Chile, Peru, Colombia and Korea are similar to NAFTA and contain all the provisions granting temporary entry to 4 categories of businessmen: business visitors, professionals, intra-company transfers, traders and investors. Distributors and franchise developers who wish to offer their services in the territory of the other party. Installers, repair and maintenance agents and superiors who possess skills essential to a seller`s contractual obligations, provide services or workers to provide services under a warranty contract or other service contracts related to the sale or lease of industrial equipment or machinery, including computer software, provided by an undertaking outside the Territory of the Contracting Party to which temporary entry is requested is acquired or leased during the term of the guarantee or service contract. operator: a national of a Party who operates in the trade in goods, the provision of services or the exercise of investment activities; You will find a detailed overview of the intra-corporate transfer requirements in the NAFTA agreement, click here. . . .
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