In 1994, the United States, Mexico and Canada created the world`s largest free trade region with the North American Free Trade Agreement (NAFTA), which generated economic growth and helped raise the standard of living of people in all three member countries. By strengthening trade and investment rules and procedures, this agreement has proven to be a solid foundation for building Canada`s prosperity and has provided a valuable example of the benefits of trade liberalization for the rest of the world. The new agreement between Canada, the United States and Mexico will serve to strengthen Canada`s strong economic ties with the United States and Mexico. Canada`s total trade with NAFTA countries was estimated at $788 billion, representing 66.8% of Canada`s total global economic trade in 2018. The most important export industries included the automotive industry and natural resources. Canada is regularly considered a trading nation because its total trade accounts for more than two-thirds of its GDP (the second highest level in the G7 after Germany). [1] [2] Of this total trade, approximately 75% is 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, Canada`s bilateral trade reached C$1 trillion for the first time. [4] Canada is conducting exploratory talks on bilateral or multilateral free trade agreements with the following countries and trading blocs, although formal negotiations have not yet begun:[7] The North American Free Trade Agreement (NAFTA), signed by Prime Minister Brian Mulroney, Mexican President Carlos Salinas and U.S. President George H.W.

Bush, entered into force on 1 January 1994. NAFTA has created economic growth and raised the standard of living of the people of the three member countries. By strengthening trade and investment rules and procedures across the continent, NAFTA has proven to be a solid foundation for building Canada`s prosperity. NAFTA replaced Canada-U.S. Free Trade Agreement (CUFTA). Negotiations on the EPCA began in 1986 and the Agreement entered into force on 1 January 1989. The two countries have agreed on a historic agreement that puts Canada and the United States at the forefront of trade liberalization. More information can be found on the Canada-U.S. Free Trade Agreement information page.

Under CETA, 98% of EU tariff lines are duty-free for Canadian products. In 2018, Canada`s extractive industries were the top exporters to CETA member countries. Discover new ways to expand your international presence. Canada`s extensive (and growing) trade network provides Canadian businesses with preferential access to a variety of markets around the world. On this page, you can explore Canada`s Free Trade Agreement (FTA), Foreign Investment Promotion and Protection Agreements (FIPA), Plurilateral Agreements and World Trade Organization (WTO) Agreements. Note: The contract texts on this page are for informational purposes only; official treaty texts are published in canada`s Treaty Series. Canada currently participates in various bilateral and multilateral free trade agreements (FTAs) with countries around the world. Canada`s current free trade agreements are: Once fully implemented, the CPTPP will form a trading bloc representing 495 million consumers, and 99% of tariff headings will be duty-free between the parties. Canada`s top exports to CPTPP countries include natural resources and agricultural products. Below is a list of the countries and trading blocs with which Canada currently has free trade agreements. [7] The North American Free Trade Agreement between Canada, the United States and Mexico entered into force on January 1, 1994, creating the world`s largest free trade region by GDP.

In 2014, NAFTA`s combined GDP was estimated at more than $20 trillion with a market of 474 million people. [5] [6] Building on this success, Canada continues to negotiate 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. 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 Agreement for Trans-Pacific Partnership (CPTPP) with ten other Pacific Rim countries. [7] On the 21st. In September 2017, CETA was provisionally applied, immediately eliminating 98% of EU tariff lines for Canadian products. [8] Canada is currently the only G7 country where free trade agreements with all other G7 countries are in force. Free trade with the last G7 country, Japan, began with the entry into force of the CPTPP on December 30, 2018. Canada negotiates bilateral free trade agreements with the following countries and trading blocs:[7] Learn more about Canada`s trade and investment agreements: types of agreements and how trade and investment agreements evolve in stages. How NAFTA created economic growth and raised the standard of living of people in the three member countries. The North American Agreement on Labour Cooperation (NAALC) entered into force in January 1994. It is one of two parallel agreements to the North American Free Trade Agreement between the United States, Canada and Mexico. The agreement is administered by the Commission for Labour Cooperation, which consists of a Council of Ministers and a trinational secretariat based in Washington D.C.

Currently, four provinces (Quebec, Alberta, Manitoba and Prince Edward Island) are signatories to ALCAA under an intergovernmental agreement. The Commission works closely with the National Administrative Offices (NAOs) set up in each country to implement the Agreement and as the national contact headquarters. In Canada, the Office of Inter-American Labour Cooperation acts as the Canadian NAO within the Labour Directorate of Human Resources and Skills Development Canada. The Canadian-Bulgarian Court of Auditors also provides for the submission and receipt of public communications (complaints) on labour law issues arising in the territory of another Contracting Party and serves as an official review body in Canada. The CUSMA outcomes, signed on the sidelines of the G20 summit in Buenos Aires in November 2018, preserve key elements of long-term trade relations and include new and updated provisions to address 21st century trade issues and promote opportunities for nearly half a billion people living in North America. Below is a list of FIPA negotiations that have not yet been concluded. [7] Multinational enterprises investing in Canada benefit from Canada`s free trade agreements in a number of ways, including: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Netherlands, United Kingdom: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam Which country gives you access to 1.5 billion consumers in 51 countries? Canada. As far as access to the world market is concerned, this is not improving.

With 14 free trade agreements covering 60% of global GDP, Canada is opening the doors to cross-border growth. The second parallel agreement is the North American Agreement on Environmental Cooperation (NAAA), which established the Commission for Environmental Cooperation (CEC) in 1994. The CEC`s mission is to improve regional environmental cooperation, reduce potential trade and environmental conflicts and promote the effective enforcement of environmental law. It also facilitates cooperation and public participation in efforts to promote the conservation, protection and enhancement of the North American environment. It consists of three main components: the Council (Ministers of the Environment), the Joint Public Advisory Committee (JPAC) and the Secretariat based in Montreal […].