Canada Trade Agreements List

Which country gives you access to 1.5 billion consumers in 51 countries? Canada. In terms of access to the global market, things are not improving. With 14 free trade agreements covering 60% of global GDP, Canada is opening doors to cross-border growth. Multinationals investing in Canada benefit in different ways from Canada`s free trade agreements, including: Canada negotiates bilateral free trade agreements with countries and the following trading blocs:[7] The North American Free Trade Agreement between Canada, the United States and Mexico came into force on January 1, 1994 and created the world`s largest free trade region in terms of GDP. Until 2014, NAFTA`s GDP was estimated at more than $20 trillion, with a market of 474 million people. [5] [6] Based on this success, Canada continues to negotiate free trade agreements with more than 40 countries and has free trade agreements, most recently with South Korea, Canada`s first free trade agreement with an Asia-Pacific partner. Since 2018, Canada has also concluded two other important multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement with 10 other Pacific countries. [7] On September 21, 2017, CETA was provisionally implemented, immediately removing 98% of the EU`s customs positions on Canadian products. [8] Canada is currently the only G7 country to have free trade agreements with all other G7 countries. Free trade with the last G7 country, Japan, began with the entry into force of the CPTPP on 30 December 2018.

Learn more about Canada`s trade and investment agreements: types of contracts and the gradual development of trade and investment agreements. Canada`s total trade with NAFTA countries was estimated at $788 billion, or 66.8% of Canada`s total world trade in 2018. Among the most exporting industries were the automotive industry and natural resources. Below is a list of the countries and trade blocs with which Canada has ongoing free trade agreements. [7] Canada is currently in the process of concluding bilateral and multilateral free trade agreements with countries around the world. Canada`s latest free trade agreements include: Learn more about Canada`s trade policy and key trade priorities, including how access to foreign markets is essential to our prosperity. Memorandums of understanding, air agreements and more. For more information on how the rules for purchasing different trade agreements may affect a given transaction, please see the following resources: Below, you will find a list of fiPA in force, including the effective date. [7] Global Affairs Canada is a major source of information on trade negotiations and agreements.

Below is a list of fiPA negotiations that are not in effect. First the country, then the date it was concluded. [7] Assessing the environmental impact of trade agreements, including the framework and process. The Canadian Tribunal for International Trade (CITT) is the leading quasi-judicial institution in Canada`s trade assistance system.