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]
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 2010, the NAFTA market was estimated to be worth CDN $17 trillion with a market of 139 million people.[5][6] NAFTA creating the largest free trade region in the world, generating economic growth and helping to raise the standard of living for the people of all three member countries. By strengthening the rules and procedures governing trade and investment, the NAFTA has proved to be a solid foundation for building Canada’s prosperity and has set a valuable example of the benefits of trade liberalization for the rest of the world.
World Trade Organization
Part of a series on the |
Economy of Canada |
---|
Economic history of Canada |
Sectors |
|
Economy by province |
Economy by city |
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.
Concluded Free Trade Agreements
- Canada–South Korea Free Trade Agreement [7]
- Canada–Panama Free Trade Agreement[8] (signed 14 May 2010, in force 1 April 2013)
- Canada-Peru Free Trade Agreement[9] (1 August 2009)
- Canada–European Free Trade Association Free Trade Agreement[10] (EFTA, Switzerland, Iceland, Norway & Liechtenstein, 1 July 2009)
- Canada–Jordan Free Trade Agreement[11] (signed 28 June 2009, in force 1 October 2012)
- Canada–Costa Rica Free Trade Agreement[12] (1 November 2002, modernization being negotiated)
- Canada–Chile Free Trade Agreement[13] (5 July 1997)
- Canada–Israel Free Trade Agreement[14] (1 January 1997, modernization being discussed)
- North American Free Trade Agreement[15] (NAFTA, Mexico & United States 1 January 1994)
- Canada–US Free Trade Agreement[16] **Superseded by NAFTA (1 January 1989)
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-Caribbean Community Free Trade Agreement[17] (CARICOM, Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname & Trinidad and Tobago)
- Canada-Dominican Republic Free Trade Negotiations[18]
- Canada-European Union: Comprehensive Economic and Trade Agreement[19] (CETA, all European Union countries - agreement signed September 2014, implementation begins 2016 pending EU ratification)
- Canada-India Free Trade negotiations[20]
- Canada-Japan Free Trade negotiations[21]
- Canada-Morocco Free Trade negotiations[22]
- Canada-Singapore Free Trade negotiations[23]
- Canada-Ukraine Free Trade negotiations[24]
- Negotiations to Modernize the Canada-Costa Rica Free Trade Agreement[25]
- Exploratory Discussion for a Canada-Turkey Free Trade Agreement[26]
- Exploratory Discussions for the Modernization of the Canada-Israel Free Trade Agreement[14]
- Trans-Pacific Strategic Economic Partnership since October 8, 2012 [27]
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.[28]
- 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-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-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.[28]
- Canada-Cameroon (March 2014)
- Canada-Nigeria (May 2014)
- Canada-Serbia (September 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.[28]
- Canada-Albania (November 2013)
- Canada-Bahrain (February 2010)
- Canada-Burkina Faso (May 2014)
- Canada-Côte d'Ivoire (September 2013)
- Canada-Guinea (December 2013)
- Canada-India (June 2007)
- Canada-Madagascar (August 2008)
- Canada-Mali (October 2011)
- Canada-Moldova (December 2013)
- Canada-Senegal (September 2012)
- Canada-Zambia (March 2013)
Ongoing FIPA Negotiations
The following is a list of FIPA negotiations that have not yet concluded.[28]
- Canada - Ghana
- Canada - Indonesia
- Canada - Kazakhstan
- Canada - Kenya
- Canada - Kosovo
- Canada - Macedonia
- Canada - Mongolia
- Canada - Pakistan
- Canada - Tunisia
- Canada - United Arab Emirates
- Canada - Vietnam
See also
References
- ↑ http://www.investinontario.com/siteselector/coca_401.asp
- ↑ Hart, M. (2003). A Trading Nation: Canadian Trade Policy from Colonialism to Globalization. University of British Columbia Press. ISBN 9780774808958. Retrieved 26 November 2014.
- ↑ OECD. "OECD Statistics". stats.oecd.org. Retrieved 26 November 2014.
- ↑ Coyne, Andrew (March 16, 2012), Andrew Coyne: Canada at the crossroad of trade, retrieved 2 May 2014
- ↑ North American Free Trade Agreement (NAFTA), Foreign Affairs, Trade and Development Canada, 18 February 2014, retrieved 2 May 2014
- ↑ Proximity to Market, Invest in Ontario, Government of Ontario, 2010, retrieved 2 May 2014
- ↑ "Canada-Korea - Free Trade Agreement". Foreign Affairs, Trade and Development Canada. Retrieved 22 April 2014.
- ↑ "Canada-Panama Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada - Peru Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada - European Free Trade Association (EFTA)". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Jordan Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Costa Rica Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada - Chile Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ 14.0 14.1 "Canada-Israel Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "North American Free Trade Agreement (NAFTA)". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-United States Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Caribbean Community Free Trade Agreement Negotiations". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Dominican Republic Free Trade Negotiations". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Comprehensive Economic and Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-India Free Trade negotiations". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Joint Study on the Possibility of a Canada-Japan Economic Partnership Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Morocco Free Trade negotiations". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Singapore Free Trade negotiations". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Ukraine Free Trade Agreement Negotiations". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Costa Rica Free Trade Agreement". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Canada-Turkey Exploratory Trade Discussions". international.gc.ca. Retrieved 26 November 2014.
- ↑ "Trans-Pacific Partnership (TPP) Free Trade Negotiations". international.gc.ca. Retrieved 26 November 2014.
- ↑ 28.0 28.1 28.2 28.3 "Canada's Foreign Investment Promotion and Protection Agreements (FIPAs)". international.gc.ca. Retrieved 26 November 2014.