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Main Treaties
Main Treaties
COLOMBIA CANADA
PACIFIC ALLIANCE 1
Mechanism for political,
economic and cooperation and
integration articulation between
2
Chile, Colombia, Mexico and
Peru. It seeks to promote the NAFTA 2.0
growth, development and
Treaty between Mexico, the
competitiveness of these
United States and Canada. It
economies through the free
seeks to facilitate trade and
movement of goods, services,
the circulation of goods, in
capital and people. (TLC, 2023)
addition to reducing trade
CAN 3 costs, through the elimination
or reduction of import taxes
on trade relations between
Subregional organization with
member countries. (U.
international legal status made
Externado, 2020)
up of Bolivia, Colombia, Ecuador
and Peru. Member Countries
can exchange duty-free 100% of
the goods. It facilitates trade
4 AELC
with each other with Free trade agreement
cooperative initiatives. (TLC, concluded with Switzerland,
2023) Norway, Iceland and
Liechtenstein. It seeks to
5
liberalize trade in services and
EFTA
increase investment
opportunities, as well as
Free trade agreement concluded
promote economic relations
with Switzerland, Norway,
and expand their trade.
Iceland and Liechtenstein. It
(OMPI, 2020)
seeks to create a commercial
space free of restrictions and
stimulate the growth and
continuous and comprehensive
economic development of the
6 ASEAN
signatory countries. In addition, Agreement dealing with
protect the environment, the industrial cooperation, foreign
rights of workers and overcome trade and technical
poverty. (TLC, 2023) cooperation. Also, the ASEAN-
Canada Joint Cooperation
CARICOM
7 Committee to promote and
review planned cooperation
Partial Scope Agreement with activities between ASEAN and
Rinidad and Tobago, Jamaica, Canada. (Reingex, 2020)
Barbados, Guyana, Antigua and
Barbuda, Belize, Dominica,
Grenada, Monserrat, Saint Kitts
and Nevis, Saint Lucia, Saint
Vincent and the Grenadines.
8 EUROPEAN UNION
Some of its objectives are to raise CETA is a trade agreement
the standard of living and work, between the EU and Canada.
accelerate, coordinate and sustain It lowers tariffs and makes it
economic development, among easier to export goods and
others. (TLC, 2023) services, benefiting people and
9
businesses of both countries.
EUROPEAN UNION (EU, 2023)