Canada–Colombia Free Trade Agreement The Canada–Colombia Free Trade Agreement is a trade agreement between the countries of Canada and Colombia .In August 2002, it was announced that Canada and the Andean Community of Nations—Bolivia, Colombia, Ecuador , and Peru—had agreed to begin preliminary discussions towards a free trade agreement . Given that not all Andean Community countries were in a position to move forward on FTA negotiations at the same time , Canada worked toward FTAs with Colombia and Peru only as announced in June 2007 . The agreement with Colombia was implemented on August 15 , 2011. Canada and Colombia enjoy good commercial and investment relations as the presence of Canadian companies , particularly in the mining , oil exploration , and printing sectors, continues to grow. In 2010 two-way merchandise trade between Canada and Colombia totalled more than $1.4 billion. Canadian merchandise exports to Colombia totalled $644 million in 2010; major exports include goods such as cereals , machinery , vegetables, paper and paperboard , and vehicles. Canadian merchandise imports from Colombia totalled $717 million in 2010. Major imports consist of mineral fuels and oils, coffee , fruits, and sugar . As of 2010, the accumulated value of Canadian investment in Colombia was $824 million. This investment is primarily in the oil and gas and mining sectors, although important links also exist in the printing sector.Overall commerce of FTAs According to Statistics Canada , this is the 2010 trade balance Canada had with other countries:Country Trade TypeAmount United States Total Exports $298,649,075 Total Imports $203,343,670 Trade Balance $95,305,405 Jordan Total Exports $66,038 Total Imports $19,927 Trade Balance $46,111 Panama Total Exports $129,501 Total Imports $84,207 Trade Balance $45,294 Colombia Total Exports $642,275 Total Imports $717,266 Trade Balance -$74,991 Israel Total Exports $385,007 Total Imports $1,006,448 Trade Balance -$621,441 Chile Total Exports $587,467 Total Imports $1,872,339 Trade Balance -$1,284,872 Peru Total Exports $476,446 Total Imports $3,619,098 Trade Balance -$3,142,652 European Union Total Exports $34,595,164 Total Imports $48,009,401 Trade Balance -$13,414,237 Mexico Total Exports $5,008,227 Total Imports $22,111,308 Trade Balance -$17,103,081
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