Free Trade with EFTA

There has been a push for the trade negotiations between Canada and European Free Trade Association (EFTA) to commence. The countries in EFTA are Switzerland, Norway, Liechenstein and Iceland. They have been primarily Canada's sixth biggest importer of Canadian goods. The Trade is expected to eliminate a substantial amount of tax in millions of dollars between the two economies and it is also seen as a gateway to other European countries. Canada intends to protect its vital interests in areas such as culture, health care and education while any agreements will be consistent with the rules of the World Trade Organization (WTO).http://www.dfait-maeci.gc.ca/tna-nac/efta2-en.asp.

It is important for Canada to safeguard its vital interest in those areas, it might conflict with part of the agreements with the EFTA. This might cause a delay in the agreement. It is beneficial to the both countries in eliminating trade taxes but along with free trade agreements comes a challenge in adopting foreign traits and charachteristics whihc might go against the Canadian philosophy. It is too Canada's advantage for the agreement to work to furhter boost its opportunity to venture further into other European countries.