12 August 2011
San Pedro Sula, Honduras
Prime Minister Stephen Harper and the President of Honduras, Porfirio Lobo, today announced the conclusion of negotiations toward a Canada-Honduras free trade agreement. The announcement was made during an official visit to Honduras by Prime Minister Harper.
"Our Government received a strong mandate to implement our ambitious job-creating free trade plan that will benefit Canadians," said Prime Minister Harper. "A free trade agreement with Honduras is a key part of our Government’s agenda to open new markets for Canadian businesses, create new opportunities for our workers and contribute to Canada’s future prosperity."
A free trade agreement with Honduras will benefit Canadian workers and businesses in regions across the country and in many sectors of the Canadian economy, including agriculture, professional services, value added food processing and manufacturing, as well as commodity- and resource-based industries.
The Canada-Honduras Free Trade Agreement, including strong parallel agreements on labour standards and practices, and environmental protection, will come into force once both countries complete their domestic ratification processes.
Since 2006, Canada has launched an ambitious free trade plan, increasing opportunities for Canadian workers and businesses by concluding new free trade agreements with eight countries: Colombia, Jordan, Panama, Peru and the European Free Trade Association member states of Iceland, Liechtenstein, Norway and Switzerland. Negotiations are also under way with the European Union and India, which, taken together, could boost Canada’s economy by at least $18 billion.