Utilizations out of CCoFTA
New preference use speed (PUR) suggests the latest the amount to which imports that will be entitled to CCoFTA choices in fact allege this type of choice when they go into the FTA partner regions. The interest rate is determined while the value of imports you to definitely stated preferential therapy separated from the value of imports that are secure by the CCoFTA or qualified to receive CCoFTA choices. Imports would have to afford the regular MFN obligations whenever they do not allege otherwise be eligible for CCoFTA tastes (like, maybe not appointment guidelines off supply criteria). Through the replace out of tradition research one number imports saying CCoFTA liking, PURs are going to be computed getting exchange anywhere between Canada and you can Colombia. Footnote 24
In the 2019, from the 68.5% off Canadian gift ideas exports in order to Colombia that have been eligible for CCoFTA choices actually stated CCoFTA tastes. On top of that, the use price off CCoFTA choice away from Colombian products exports so you can Canada try 80.2% when you look at the 2019.
At device level, extremely Canadian sectors that shipped to Colombia used the benefits associated with CCoFTA better. Groups including animal meat, grains, edible produce and you may creature or vegetable oils and petroleum, being ideal Canadian exports in order to Colombia, had complete or near to complete utilization of CCoFTA within the 2019.
