‘Tis the Summer to Sign Trade Agreements

Two reports were released stating new trade agreements were recently signed.

Around June 28th, Jordan and Canada signed a new trade agreement, giving Jordan full custom duty exemption on Jordanian goods. In return, over the next 4 years,Canadian products will receive reduced custom duties.

Forestry, manufacturing, agriculture and agri-food are expected to benefit from immediate duty-free access.

Next, Chile and Turkey signed a trade agreement around July 20th, which will allow 98 percent of its bilateral trade to be duty free. This is the first FTA between a South American country and Turkey.

“This trade agreement signed by Chile can be an entrance to an economic zone of great potential, which is practically unexplored for us,” Chilean President Bachelet said.

Forestry and Agriculture will be most benefited in Chile.

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To read the full articles, click Canada/Jordan FTA or Chile/Turkey FTA.