Canada Bilateral Free Trade Agreements

Under CETA, 98% of EU tariff lines are duty-free for Canadian products. In 2018, Canada`s raw materials industry was the largest exporter to CETA member states. Learn more about Canada`s trade policy and key trade priorities, including how access to foreign markets is essential to our prosperity. COVID-19 covers international travel, including business travel under free trade agreements such as NAFTA, CETA and CPTPP. For more information, visit the relevant immigration services of Canada`s trading partners. Canada is conducting exploratory discussions on bilateral or multilateral free trade agreements with the following countries and trade blocs, although formal negotiations have not yet begun:[7] 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] Ottawa is currently engaged in bilateral trade agreements with Korea, Singapore, India, the Central America Four (El Salvador, Guatemala, Honduras, Nicaragua), the Dominican Republic, the Andean Community, CARICOM, Morocco and the EU (CETA). 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 CPTP on 30 December 2018. Canada is currently engaged in various bilateral and multilateral free trade agreements (FTAs) with countries around the world. Here are Canada`s latest free trade agreements: 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.