Canada's Free Trade Agreements
Which country gives you access to 1.5 billion consumers across 51 countries? Canada. When it comes to global market access, it doesn’t get any better. Through 14 free trade agreements covering 60% of the world’s GDP, Canada opens doors to growth beyond borders.
What’s in it for you?
Multinational businesses investing in Canada benefit from Canada’s free trade agreements in various ways, including:
-
Supply chain integration
-
Preferential access to world markets
-
Lower risk for service providers and investors abroad
-
Facilitated business travel to partner countries
Free trade agreements
Canada-United States-Mexico Agreement (CUSMA)
Canada's total trade with the member countries of NAFTA was valued at $788 billion, accounting for 66.8% of Canada's total global trade in 2018. Top exporting industries included automotive manufacturing and natural resources.
Status: In force
Partner countries: United States, Mexico
Canada-European Union: Comprehensive Economic and Trade Agreement (CETA)
With CETA, 98% of EU tariff lines are duty-free for Canadian goods. In 2018, Canada’s natural resources industry was the top exporter to CETA member countries.
Status: In force
Partner countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The CPTPP creates a trading bloc of 11 countries that together represent 13.5% of global GDP and 495 million consumers. Once the CPTPP is fully implemented by all member countries, 99% of all tariff lines covering 98% of Canada’s current exports to CPTPP markets will become duty-free. Canada’s top exports to CPTPP member countries include natural resources (coal) and agricultural products (meat products, canola).
Status: In force among Canada, Australia, Japan, Mexico, New Zealand, and Singapore
Partner countries: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam
Other free trade agreements
Canada-European Free Trade Association (EFTA) Free Trade Agreement
Canada-Ukraine Free Trade Agreement (CUFTA)
Canada-Chile Free Trade Agreement
Canada-Colombia Free Trade Agreement
Canada-Costa Rica Free Trade Agreement
Canada-Honduras Free Trade Agreement
Canada-Panama Free Trade Agreement
Canada-Peru Free Trade Agreement
Canada-Israel Free Trade Agreement (CIFTA)
Canada-Jordan Free Trade Agreement
Canada-Korea Free Trade Agreement (CKFTA)