Canada Releases Pacific Alliance FTA Initial Environmental Assessment
Global Affairs Canada publicly released the initial environmental assessment of the Canada-Pacific Alliance Free Trade Agreement negotiations, it said in a notice in the Canada Gazette, Part I. Negotiations for the FTA with the Pacific Alliance, which includes Chile, Colombia,…
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Mexico and Peru, began in 2017, GAC said. While Canada already has trade deals with those countries, a Canada-PA FTA would help modernize those agreements and add some market access improvements, it said. "Given the high quality of existing FTAs between Canada and all of the PA countries, the economic impact expected from the negotiation of an FTA with the PA is modest," GAC said. "Therefore, the environmental impact is expected to be very limited." Comments on the assessment are due by Aug. 5. "Once negotiations conclude, and prior to ratification of the agreement, a final environmental assessment will be undertaken to assess the potential impacts of the negotiated outcome on the environment," GAC said.