Canadian Free Trade Agreements

The Canadian government is committed to creating the best conditions for Canadian businesses to compete internationally. Free trade agreements (FTAs) and Foreign Investment Promotion and Protection Agreements (FTIs) between Canada and our trading partners create new opportunities for Canadian businesses. Discover new ways to expand your international presence. Canada`s broad (and growing) commercial network provides Canadian businesses with preferential access to various markets around the world. This page examines Canada`s Free Trade Agreement (FTA), Foreign Investment Promotion and Protection Agreements (FIPA), multilateral agreements and World Trade Organization (WTO) agreements. Note: The texts of the treaty on this page are exclusively for information; the official texts of the treaties are published in the «Treaty of Canada» series. 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 post-GDP free trade region. 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. Canada is regularly referred to as a trading nation, with total trade accounting for more than two-thirds of its GDP (the second highest level in the G7 after Germany). [1] [2] Of all of this trade, approximately 75% are wiretapped with countries that are part of free trade agreements with Canada, particularly with the United States through the North American Free Trade Agreement (NAFTA). [3] At the end of 2014, bilateral trade in Canada reached $1 trillion for the first time. [4] Canada is conducting exploratory discussions on bilateral or multilateral free trade agreements with the following countries and trading blocs, although formal negotiations have not yet begun:[7] Do you buy Canadian ingredients or materials that you can use in your products or services? Get ready for other options. Canadian businesses are already trading with each other, and trade between provinces and territories is worth at least $385 billion a year. The CFTA will benefit businesses across the Canadian economy, expand selection and help drive growth.

For more information on how the procurement rules for a number of trade agreements may affect a particular contract or contracting, please see the following resources: Canada`s total trade with NAFTA countries was valued 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. Learn more about Canada`s trade and investment agreements: types of contracts and the gradual development of trade and investment agreements. Learn more about Canada`s trade policy and key trade priorities, including how access to foreign markets is essential to our prosperity. Multinationals investing in Canada benefit in different ways from Canada`s free trade agreements, including: Canada has many types of agreements and initiatives with foreign countries.

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