Delegations recalled the discussions that had taken place earlier this year and confirmed their common understanding that there may be potential to expand the scope of the current FTA to areas such as trade in services, investment, government procurement, intellectual property rights and sustainable development, which would benefit economic operators and consumers on both sides. Areas already covered by the existing FTA (trade in goods including market access, rules of origin, trade remedies, technical barriers to trade, sanitary and phytosanitary measures and trade facilitation, as well as horizontal and institutional provisions) might also be reviewed and updated.
The Parties exchanged information on developments in their respective countries with regard to preferential trade agreements with third parties. They also agreed to remain in close contact in order to continue discussions on the possible modernisation and extension of the current FTA.
The EFTA team was headed by Ambassador Martin Eyjólfsson from Iceland, and Mr Bruce Christie, Director General Foreign Affairs, Trade and Development, Canada, acted as the Head of the Canadian delegation.
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