What Countries Does Canada Have Free Trade Agreements With

Por el

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 CPTPP on 30 December 2018. These are just a few of the ways in which Canada`s free trade agreements can help you succeed abroad. Other means by which these comprehensive agreements can benefit Canadians are rules that allow preferential access to public procurement or require partners to comply with internationally recognized labour, environmental or intellectual property standards.

In September 2019, World Affairs Canada listed 31 free trade agreements at various stages of the negotiation. Twenty of them are with individual countries, while the other 11 are groups of countries. Some countries are part of more than one free trade agreement with Canada. Learn more about Canada`s trade and investment agreements: types of contracts and the gradual development of trade and investment agreements. Chile, Mexico and Peru are members of more than one existing free trade agreement. As a result, the value of Canada`s trade with each of these countries is included twice as much in the total value of all existing Canadian free trade agreements. While a free trade agreement may not be the “everything and everything” that sets you up in an international market, there is one thing we can all agree on – ATFs offer options! Talk to a trade commissioner to find out what are the most useful options for your business. Canada is currently engaged in various bilateral and multilateral free trade agreements (FTAs) with countries around the world. Canada`s current free trade agreements: Understanding how a free trade agreement can help your business compete abroad may seem scary, especially for SMEs, but there are many resources available to seize the opportunities they exploit. We strongly recommend that you use the Support Programs of the Canadian Trade Service (CHT). The CHT is present in 160 cities around the world, including all markets where Canada has a free trade agreement that will provide you with qualified local advice and contacts and discuss possible support programs to support your international expansion, such as CanExport. Once you have found that your property has a tariff preference and you comply with the current rule of origin, the final step is the import preference requirement.

The agreement specifies how and who must certify that the property complies with the rule of origin. This process may vary slightly from one free trade agreement to another, but the basic concepts are the same. The exporter or importer must provide a certificate or declaration containing basic information about the product concerned and certifying that it complies with the rule of origin.