Free trade agreements of Canada

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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 has concluded free trade agreements with more than 40 countries, most recently with South Korea, which represents Canada's first FTA with a partner in the Asia-Pacific region. As of 2016, Canada has also concluded two trade agreements that are potentially bigger than NAFTA: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the twelve-nation Trans-Pacific Partnership (TPP).[8] If both are ratified, Canada will have free trade agreements with all of the G7 countries.

World Trade Organization

Lua error in package.lua at line 80: module 'strict' not found. Canada is a member of the World Trade Organization (WTO) since 1995.

Free Trade Agreements

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]

  • Canada-Argentina (29 April 1993)
  • Canada-Armenia (29 March 1999)
  • Canada-Barbados (17 January 1997)
  • Canada-Benin (18 January 2013)
  • Canada-China (1 October 2014)
  • Canada-Costa Rica (29 September 1999)
  • Canada-Côte d'Ivoire (14 December 2015)
  • Canada-Croatia (30 January 2001)
  • Canada-Czech Republic (22 January 2012)
  • Canada-Ecuador (6 June 1997)
  • Canada-Egypt (3 November 1997)
  • Canada-Hungary (21 November 1993)
  • Canada-Jordan (14 December 2009)
  • Canada-Kuwait (19 February 2014)
  • Canada-Latvia (24 November 2011)
  • Canada-Lebanon (19 June 1999)
  • Canada-Panama (13 February 1998)
  • Canada-Peru (20 June 2007)
  • Canada-Philippines (13 November 1996)
  • Canada-Poland (22 November 1990)
  • Canada-Romania (23 November 2011)
  • Canada-Russian Federation (27 June 1991)
  • Canada-Serbia (27 April 2015)
  • Canada-Slovak Republic (14 March 2012)
  • Canada-Tanzania (9 December 2013)
  • Canada-Thailand (24 September 2008)
  • Canada-Trinidad & Tobago (8 June 1996)
  • Canada-Ukraine (24 June 1995)
  • Canada-Uruguay (2 June 1999)
  • Canada-Venezuela (28 January 1998)

FIPAs Signed

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

  • Canada-Burkina Faso (April 2015)
  • Canada-Cameroon (March 2014)
  • Canada-Guinea (May 2015)
  • Canada-Hong Kong (February 2016)
  • Canada-Mali (November 2014)
  • Canada-Nigeria (May 2014)
  • Canada-Senegal (November 2014)

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]

  • Canada-Albania (November 2013)
  • Canada-Bahrain (February 2010)
  • Canada-Madagascar (August 2008)
  • Canada-Moldova (December 2013)
  • Canada-Zambia (March 2013)

Ongoing FIPA Negotiations

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

  • Canada - Ghana
  • Canada - India
  • Canada - Kazakhstan
  • Canada - Kenya
  • Canada - Kosovo
  • Canada - Macedonia
  • Canada - Mongolia
  • Canada - Pakistan
  • Canada - Tunisia
  • Canada - United Arab Emirates

See also

References

  1. ↑ http://www.investinontario.com/siteselector/coca_401.asp
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gblec02a-eng.htm
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 8.2 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 10.2 10.3 Lua error in package.lua at line 80: module 'strict' not found.
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