Free trade agreements of Canada

Canada is regularly described as a trading nation as its total trade is worth more than two-thirds of its GDP (the second highest level in the G7 after Germany)[1][2][3] Of that total trade, roughly 75% is done with countries which are part of free trade agreements with Canada, primarily the United States through NAFTA.[4] By the end of 2014, Canada bilateral trade hit C$1 trillion for the first time.[5]

The North American Free Trade Agreement among Canada, the United States, and Mexico came into force on January 1, 1994, creating the largest free trade region in the world. By 2014, the NAFTA area GDP was estimated to be over C$20 trillion with a market encompassing 474 million people.[6][7] Building on that success, Canada continues to negotiate and have concluded free trade agreements with more than 40 countries, with South Korea being the first country in the Asia-Pacific region Canada has a free trade agreement. As of 2015, Canada has concluded two trade agreements that are potentially bigger than NAFTA, one with the European Union (CETA), and the other being the Trans-Pacific Partnership.[8] If ratified, Canada will have free trade agreements with all of the countries in G7.

World Trade Organization

Canada is a member of the World Trade Organization (WTO) since 1995.

Free Trade Agreements

Free Trade Agreements in force

The following is a list of countries Canada has current FTAs with. First is the name of the agreement. In parentheses, the abbreviation is given if applicable, countries involved if not previously stated, and the date of coming into force.[8]

Free Trade Agreements concluded

Ongoing FTAs

The following is a list of countries Canada is currently making FTA negotiations with. First is the name of the agreement. In parentheses is the abbreviation if applicable and the countries involved if not previously stated.

Canada is negotiating bilateral FTAs with the following countries and trade blocs:

Canada has been involved in negotiations to create the following regional trade blocks:

Foreign Investment Promotion and Protection Agreements

A Foreign Investment Promotion and Protection Agreement (FIPA) is an agreement to promote foreign investing.

FIPAs in Force

The following is a list of FIPAs in force, including date of entry into force.[10]

FIPAs Signed

The following is a list of FIPAs that have been concluded and signed, but have not yet entered into force.[10]

FIPA Negotiations Concluded

The following is a list of FIPA negotiations concluded, and are not in force. First is the country, then the date it was concluded.[10]

Ongoing FIPA Negotiations

The following is a list of FIPA negotiations that have not yet concluded.[10]

See also

References

  1. ↑ http://www.investinontario.com/siteselector/coca_401.asp
  2. ↑ Hart, M. (2003). A Trading Nation: Canadian Trade Policy from Colonialism to Globalization. University of British Columbia Press. ISBN 9780774808958. Retrieved 26 November 2014.
  3. ↑ OECD. "OECD Statistics". stats.oecd.org. Retrieved 26 November 2014.
  4. ↑ Coyne, Andrew (March 16, 2012), Andrew Coyne: Canada at the crossroad of trade, retrieved 2 May 2014
  5. ↑ http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gblec02a-eng.htm
  6. ↑ North American Free Trade Agreement (NAFTA), Foreign Affairs, Trade and Development Canada, 20 November 2015, retrieved 28 November 2015
  7. ↑ Proximity to Market, Invest in Ontario, Government of Ontario, 2010, retrieved 2 May 2014
  8. 1 2 3 "Canada's Free Trade Agreements". International.gc.ca. Retrieved 2015-10-25.
  9. ↑ The Canadian Press (2011-02-24). "Canada, Japan study free-trade pact". CBC News. Retrieved 2011-02-28.
  10. 1 2 3 4 "Canada's Foreign Investment Promotion and Protection Agreements (FIPAs)". international.gc.ca. Retrieved 26 November 2014.
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