Canada International Free Trade Agreements

Beginning in 2018, Canada also concluded two other important multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the Eleven-Nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with ten other Pacific countries. [7] On September 21, 2017, CETA was provisionally applied, which immediately eliminated 98% of the Union`s tariffs 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. The data in this document are taken from the new table 12-10-0140-01, which contains monthly data on international merchandise trade in Canada after free trade agreements. Canada`s Free Trade Agreements (SAAs), Foreign Investment Promotion and Protection Agreements (FIPs), and multilateral agreements and initiatives. As of September 2019, Global Affairs Canada listed 31 free trade agreements at different stages of the negotiations. 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. Under CETA, 98% of EU tariff headings are duty-free for Canadian products. In 2018, Canada`s commodity industry was the top exporter to CETA member countries.