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Canada, Andean countries to hold free trade talks
Aug. 7, 2002
OTTAWA (Reuters) - Canada and the five members of the Andean Community will hold preliminary talks on a proposed free trade agreement, Canadian International Trade Minister Pierre Pettigrew said on Wednesday.
Bilateral trade with the Andean Community members -- Bolivia, Colombia, Ecuador, Peru and Venezuela -- reached C$3.6 billion ($2.3 billion) in 2001, with Canadian exports totaling C$1.5 billion, a statement from Pettigrew's office said.
A spokesman said talks would start in the next few months.
The government estimates cumulative Canadian investment in the Andean countries at C$11 billion.
In the Americas, Canada already has free trade agreements with Chile and, through the North American Free Trade Agreement, with Mexico and the United States.
($1=$1.58 Canadian)
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