For the same reason, the CKFTA, which does not modify the STRI, gives zero weight in terms of liberal effect. Any measure that would “remove water from the GATS ties of Canada or Korea” would therefore not be recognized for trade liberalization. However, trade negotiators attach great importance to “disguising water from tariffs and DNTs” by attaching it to existing levels or practices. The development of rigorous methods for assessing the impact of links remains an open research topic. The estimates contained in this paper can be considered conservative, as this engagement effect is not explicitly taken into account. “Asia`s rich markets are Canada`s next frontier in our drive to eliminate tariffs and non-tariff barriers to trade and investment. Canada`s free trade agreement with South Korea will be the first step in gaining much more open access to Canadian exports. This agreement is expected to make Canada an even more attractive objective for investors and manufacturers, create jobs and opportunities for Canadians, and improve the competitive environment for Canadian businesses to make them more competitive on the world stage. Customs officers play an important role in ensuring that Canadians enjoy the benefits of free trade agreements. They are responsible for the fact that only products that comply with the rules of origin are admitted to Canada at preferential rates and that Canadian products entering South Korea receive the preferential treatment for which they are eligible. Canada and South Korea share the desire to keep origin procedures simple, efficient, clear and predictable, to facilitate trade and to enable customs officers to do their jobs effectively without creating unnecessary barriers to trade. Source: OECD BILATERAL SERVICES EXPORTS FOR KOREA; Statistics Canada Bilateral exports of services to Canada, converted to USD on the U.S.
Federal Reserve`s FRED database. Note that Canadian statistics on services imports show that imports from Korea averaged about $US 360 million per year between 2005 and 2013, with no upward trend. There is general agreement among statistical offices that statistics on exports of services are more reliable than statistics on imports of services; As a result, we present bilateral trade data on the basis of export and export. “The Canadian Services Coalition welcomes the announcement of a free trade agreement between Canada and Korea. This landmark agreement, the first between Canada and an Asian country, will allow Canadian service companies to improve access to the US$1.3 trillion South Korean market. Trade agreements are an important priority for Canada`s service sectors, which include financial services, engineering and environmental services, professional and advisory services, and information technology services. . . .