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SECTION 3 – SUPPLEMENTARY INFORMATION

3.1 Financial Highlights

For the Period ending March 31, 2010
Condensed Statement of Financial Operations

  Percentage Variance 2010 ($) 2009 ($)
Assets
Total Assets

(38.38%)

158,096

256,582

Liabilities
Total Liabilities

(51.29%)

252,488

518,308

Equity
Total Equity

(63.93%)

(94,392)

(261,726)

Total

(38.38%)

158,096

256,582


For the Period ending March 31, 2010
Condensed Statement of Operations
  Percentage Variance 2010 ($) 2009 ($)
Expenses
Total Expenses

(28.45%)

1,352,428

1,890,068

Revenues
Total Revenues

(60.32%)

277

698

Net Cost of Operations

(28.43%)

1,352,151

1,889,370

Our financial statements are prepared in accordance with accrual accounting principles. The unaudited supplementary information presented in the financial tables in the DPR is prepared on a modified cash basis of accounting principles in order to be consistent with appropriations-based reporting. Note 3 of the financial statements reconciles these two accounting methods. For complete financial statements, please visit the Canadian Section website at: http://www.nafta-alena.gc.ca/en/view.aspx.

ANNEX A

The Mandate of the NAFTA Secretariat

The mandate of the Secretariat is set out in Article 2002.3 of the NAFTA and reads:

The Secretariat shall:

  • provide assistance to the Commission;

  • provide administrative assistance to:

    • panels and committees established under Chapter Nineteen (Review and Dispute Settlement in Antidumping and Countervailing Duty Matters), in accordance with the procedures established pursuant to Article 1908; and

    • panels established under this Chapter, in accordance with procedures established pursuant to Article 2012; and

  • as the Commission may direct:

    • support the work of other committees and groups established under this Agreement; and
    • otherwise facilitate the operation of this Agreement.

In 1997 and then again in 2002, the Canadian Section's mandate was expanded to include the administration of the dispute settlement processes under the following trade agreements:

  • the Canada-Israel Free Trade Agreement (CIFTA);
  • the Canada-Chile Free Trade Agreement (CCFTA); and
  • the Canada-Costa Rica Free Trade Agreement (CCRFTA).

Legislation governing the work of the Canadian Section is as follow:

  • the North American Free Trade Agreement Implementation Act;
  • the Special Imports Measures Act;
  • the Canada-Israel Free Trade Agreement Implementation Act;
  • the Canada-Chile Free Trade Agreement Implementation Act; and
  • the Canada-Costa Rica Free Trade Agreement Implementation Act.

HOW TO CONTACT US

Office of the Secretary
NAFTA Secretariat, Canadian Section
90 Sparks Street, Suite 705
Ottawa, Ontario
K1P 5B4
Tel: (613) 992-9388
Fax: (613) 992-9392
World Wide Web: http://www.nafta-alena.gc.ca/