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On May 29, 2008, Canada and Peru signed a free trade agreement (FTA) and two parallel agreements in the areas of labour and environment. The Canada-Peru Agreement on Labour Cooperation is based on cooperation between the parties to promote and enforce fundamental labour principles and rights at work. It also provides for an open and transparent dispute resolution process. Both countries are obligated to respect the Labour Cooperation Agreement, and could face financial penalties if its provisions are violated.
Key elements of the Labour Cooperation Agreement include:
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