What Are Canada`s Trade Agreements

Making Canadian exporters more competitive in global markets has been a consistent goal of the Canadian Service of Trade Commissioners (TCS) over its 125-year history. The way the CHT achieves this has extended over time to the promotion of Canada`s network of trade agreements that remove and remove barriers to trade. 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] For more information on how the rules for purchasing different trade agreements may affect a particular contract or purchase transaction, please see the following resources: 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. Georgina Wainwright-Kemdirim, Special Adviser for Trade and Gender in Industry, said Canada`s trade partners` response to the agreements has been “very positive.” While some question whether trade agreements are the place to address social issues, Canada has suggested that this approach is also economically sound.

“Studies show the value and results of women`s increasing participation in trade,” she says. “There are benefits for everyone.” Canada is currently engaged in various bilateral and multilateral free trade agreements (FTAs) with countries around the world. Canada`s latest free trade agreements are: today, 14 free trade agreements (FTAs) give Canadian businesses preferential access to 49 foreign markets, 63 per cent of global GDP and 1.5 billion consumers. Canadian exports have moved from fur, fish and wood to advanced technologies and complex professional services, which are covered by important non-tariff elements of such agreements. And a dedicated team from the CHT is stepping up its efforts to help Canadian businesses take advantage of free trade agreements and other programs and services. “We are educating exporters on how to use these agreements and succeed abroad,” said Jordan Turley, Trade Commissioner in the new TCS Engagement Division. Its missions include promoting the free trade agreement and international business development to support small and medium-sized enterprises (SMEs) that are under-represented in international trade, such as LGBTQ2 companies, women, indigenous peoples and young people. Free trade agreements make trade more accessible to SMEs, Turley says. For example, companies that export goods may benefit from a customs advantage that makes their products more competitive. A free online tool called Canada Tariff Finder can help businesses determine how each FTA partner can classify its products and each applicable preferential tariff. Canada is the only G7 country to have free trade agreements with all other G7 countries. Current agreements include CUSMA, the Canada-EU Comprehensive Economic and Trade Agreement (CETA), the European Free Trade Association (EFTA) with Iceland, Liechtenstein, Norway and Switzerland, as well as agreements between Chile, Colombia, Costa Rica, Honduras, Israel, Jordan, Korea, Panama, Peru and Ukraine.

The comprehensive and progressive Trans-Pacific Partnership (PPCC) agreement is now in force between Canada, Australia, Japan, Mexico, New Zealand, Singapore and Vietnam.