The staff of the show and advertising during a specialized congress. Upon its entry into force, the Colombian Free Trade Agreement will provide significant immigration benefits to Colombian citizens wishing to enter Canada for business. Since free trade agreements are supposed to be reciprocal, Canadian citizens who wish to enter Colombia for business have the right to apply for a work permit under the same conditions. This bilateral agreement has certainly increased the ease of activity in these countries. According to the World Bank, Colombia ranks second in South America in ease of activity and investor protection. Similarly, Export Development Canada (EDC) classifies Colombia as an open economy, as opposed to a closed, limited or open economy, on a highly restricted basis. You will find a detailed overview of the intra-group transfer requirements in the NAFTA agreement, click here. The Canada-Colombia Free Trade Agreement has successfully abolished tariffs on 98% of goods and services traded. In addition, it ensures fair treatment of Canadian and Colombian investments in each country. Work permits issued under this agreement are excluded from the Labour Market Impact Assessment (LMIA), which significantly reduces the time it takes for the worker to work in Canada. In addition to the bilateral agreement, Colombia officially became the 37th member of the Organisation for Economic Co-operation and Development (OECD) in April 2020. After Mexico and Chile, it is the third country in Latin America to join.

Since Canada is also a member of the OECD, the government, education, health and trade practices of the two countries are more coordinated, making them more suitable for foreign direct investment (FDI). There are provisions that apply to Colombian citizens and permanent residents who apply for a Canadian work permit, including intra-company transfers, traders/investors, spouses, professionals and technicians. (a) engage in significant trade in goods or services primarily between the territory of the Contracting Party of which the operator is a national and the territory of the Contracting Party where entry is requested, or if you have any questions or comments regarding this Free Trade Agreement or the Environmental and Labour Cooperation Agreements, we would like you to say so. Please contact Global Affairs Canada at: The free trade agreements for Chile, Peru, Colombia and Korea on this site contain provisions similar to the North American Free Trade Agreement (NAFTA) granting temporary entry to 4 categories of businessmen: business visitors, professionals, business transfer sellers as well as traders and investors…