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Canada And Israel Free Trade Agreement

By Mark, December 4, 2020

And new chapters have been introduced to address current trade issues and barriers: first EA has concluded that a modernized CIFTA would likely have very little impact on the environment in Canada, because while the agreement will benefit Canadian producers, processors and exporters, its impact on Canada`s overall economic activity is likely to be very small. In addition, possible negative effects on the environment are likely to be offset, in whole or in part, by other aspects of the free trade agreement that will have positive external effects. For more information, see EA`s first report. Negotiations on free trade agreements are governed by the 2001 framework for conducting environmental assessments of trade negotiations. This process focuses on the likely economic effects of trade negotiations and their expected environmental effects in Canada. The evaluation process consists of three phases: the initial EA, the EA Draft and the Final EA. The interim phase, known as the EA project, is not carried out in cases where the original EA indicates that the free trade agreement is not expected to have a significant impact on Canada on the environment. In the case of the CIFTA modernization negotiations, no EA projects were implemented, as the original EA provided only for minor environmental effects in Canada. In addition, nine new chapters and a provision dealing with new and ongoing trade elements and issues have been added: in Quebec, the Environmental Quality Act (EQA) is the most important law on the general application of environmental protection. This legislation is the basis of Quebec`s environmental approval system and the evaluation and verification process for certain projects (environmental assessment). More than 50 regulations have been adopted under the EQA, including the Clean Air Regulations, the Drinking Water Quality Regulation and the Greenhouse Gas Reduction Reduction System Regulations. In addition to the EQA, there is also the Pesticides Act and the pesticide management code associated with it.

More information is available on the website of the Ministry of Sustainable Development, Environment and Climate Change in Quebec and in the list of laws and regulations for which it is responsible. The modernized Canada-Israel Free Trade Agreement (CIFTA) came into force on September 1, 2019. It replaces the original CIFTA, which has been in effect since January 1, 1997. The modernized CIFTA will strengthen and strengthen the economic partnership between the two countries by improving trade and creating new opportunities. The abolition of tariffs under the modernized agreement is expected to further strengthen Canadian exports to the Israeli market, although Canada`s exports to Israel will continue to take a modest share of Canada`s world exports. This indicates that the growth in Canadian exports to Israel as a result of the modernized CIFTA will continue to account for a very modest share of total Canadian production and will therefore have a very modest environmental impact in Canada. The notices received will be provided to the EAA secretariat to inform future EAAs of trade negotiations and other related development and policy decision-making processes. Negotiations on the extension and modernization of CIFTA were concluded in July 2015.

These amendments are intended to improve Canadian businesses` access to the Israeli market by removing and further reducing tariffs on agricultural, agri-food and fishing products. In addition, as part of modernization, new elements of integration have been agreed on gender, small and medium-sized enterprises, corporate social responsibility, labour protection and the environment to demonstrate the importance of inclusive trade and to ensure that the benefits and opportunities arising from trade and investment are widespread.3 Liberals have “modernized” Canada`s free trade agreement with Israel.