Canada Has Free Trade Agreements With More Than Countries

Canada negotiates bilateral free trade agreements with the following countries and trading blocs:[7] Canada also has free trade agreements with Costa Rica (2002), the European Free Trade Association (2009), Peru (2009), Colombia (2011), Jordan (2012) and Panama (2013). It is still negotiating with more than a dozen other countries or free trade groups in Africa, Asia and the Caribbean. In March 2014, a larger free trade agreement was reached with South Korea – Canada`s first such agreement with an Asia-Pacific nation. Not only is South Korea and its 50 million people an important market for Canadian exporters, but the agreement also aims to give Canada greater access to Asia through South Korean supply chains, particularly for agriculture, seafood and forest producers. The agreement was criticized by Ford of Canada Ltd., which said That South Korean automakers will have cheaper access to the Canadian market, while they will be unfairly protected in South Korea by the use of non-tariff barriers and currency manipulation. Did you know that? Canada is the only G7 country to have free trade agreements with all other G7 countries. The “global trading” variable was calculated by adding import values to export values. The “net export” variable was calculated by subtracting the import of export values. McCall adds that there is “a really missed opportunity not to address it,” and notes that Canada is not alone in this issue. It has a number of important partners, including “voices of mutual support” within the EU, which has addressed the issue. Canada, Chile and New Zealand have also created an inclusive trade action group that has made a joint statement to promote progressive and inclusive trade. Global Affairs Canada has developed pages on which ES SME has benefited from CETA and CTPPP.

These pages offer a plethora of resources and practical guides for businesses. Businesses can also contact a trade representative to determine how they can take advantage of free trade agreements. This means preferential access to about 1.5 billion consumers from established markets such as the United States, the European Union (EU) and Japan, as well as fast-growing emerging economies throughout Latin America and Asia. Free trade agreements give Canadian products, services, investment and business people an advantage over their competitors by reducing costs and creating a more stable, transparent and predictable environment in which businesses can prosper and develop their full potential. Today, 14 free trade agreements 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.

Posted In: Uncategorized