List Of Canada Free Trade Agreements

[5] [6] Building on this success, Canada continues to negotiate and conclude free trade agreements with more than 40 countries, most recently with South Korea, which is Canada`s first free trade agreement with a partner in the Asia-Pacific region. Beginning in 2018, Canada also concluded two other important multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the Eleven-Nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with ten other Pacific countries. [7] On September 21, 2017, CETA was provisionally applied, which immediately eliminated 98% of the Union`s tariffs 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. In an increasingly integrated global economy, it is important that entrepreneurs can cross borders to facilitate trade and investment. Obstacles faced by businessmen at the border, such as. B economic needs tests can have a negative impact on the commercial capacity of Canadian companies. Their remoteness through temporary entry rules helps Canadian businesses grow and prosper by ensuring smooth cross-border travel or temporary relocations. These agreements provide access to certain categories of businessmen, such as business visitors, intra-company transfers, highly qualified professionals and investors. If you export goods, you can benefit from a tariff advantage under one of Canada`s free trade agreements, making your good more competitive in an FTA market. This will allow Canadian service providers or potential investors interested in one of these FTA markets to better understand market conditions before proceeding with their project. While a free trade agreement may not be the “A&A” that drives you to settle into an international market, there`s one thing we can all agree on – free trade agreements offer options! Talk to a sales agent to determine what options are most useful for your business.

Canada is consistently 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 this total, about 75% are treated with countries that are part of free trade agreements with Canada, particularly with the United States, on the North American Free Trade Agreement (NAFTA). [3] At the end of 2014, Canadian bilateral trade reached $1 trillion for the first time. [4] Learn more about Canada`s trade and investment agreements: types of agreements and how trade and investment agreements are gradually developing. . . .