The implementation of the CCOFTA has removed significant bilateral trade barriers and improved market access for Canadian and Colombian products. It has helped to enhance market security through a more stable and open investment environment. The agreement protects international investors through mutual commitments and guarantees access to international arbitration. The second part of the Order amends existing legislation to align it with Canada`s obligations under the Free Trade Agreement and the associated Labour Law Cooperation Agreement. The general provisions of the Order provide that, without the consent of the Attorney General of Canada, no recourse may be made on the basis of the provisions of Part 1 of the Order or an order made under that Part or the provisions of the Free Trade Agreement or related 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 first part of the Order approves the Free Trade Agreement and related agreements and provides that Canada shall assume its share of the expenses related to the implementation of the institutional aspects of the Free Trade Agreement and the Governor`s authority to enact implementing provisions for the Order. In August 2002, it was announced that Canada and the Andean Community of Nations – Bolivia, Colombia, Ecuador and Peru – had agreed to begin preliminary negotiations on a free trade agreement (FTA). Since not all Andean Community countries were able to simultaneously advance negotiations on free trade agreements, Canada did not work towards free trade agreements with Colombia and Peru until June 2007, as announced in June 2007. The agreement with Colombia was implemented on 15 August 2011. [1] (b) promote the harmonious development of economic relations between Canada and the Republic of Colombia by expanding trade to promote economic activity in Canada and Colombia; “free trade agreement” means NAFTA, CCFTA, CCRFTA, CEFTA, CAFTA, CPFTA or CCOFTA; 2. Under paragraph 1, no injunction may be issued unless the Governor of the Council is satisfied that the Government of the Republic of Colombia has taken satisfactory measures to implement the Agreement and related agreements, including written notification by the Government of Canada in accordance with Article 3 of the Agreement on Annual Reports on Human Rights and Free Trade between Canada and the Republic.

of Colombia and the adoption of a written notification by the Government. Canada, in accordance with Article 3 of this Agreement. . . . .