Free trade agreements of Canada
is regularly described as a trading nation as its total trade is worth more than two-thirds of its GDP. Of that total trade, roughly 75% is done with countries which are part of free-trade agreements with Canada, primarily the United States through the North American Free Trade Agreement. By the end of 2014, Canada bilateral trade hit C$1 trillion for the first time.
The North American Free Trade Agreement between Canada, the United States, and Mexico came into force on January 1, 1994, creating the largest free-trade region in the world by GDP. By 2014, the combined GDP for the NAFTA area was estimated to be over C$20 trillion with a market encompassing 474 million people. 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 2018, Canada has also concluded two other significant multilateral trade agreements: the Comprehensive Economic and Trade Agreement with the European Union and the eleven-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership with ten other Pacific Rim countries. On 21 September 2017, CETA was provisionally applied, immediately eliminating 98 per cent of EU's tariff lines on Canadian goods. Canada is currently the only G7 country to have free trade agreements in force with all other G7 countries. Free trade with the final G7 country, Japan, commenced when the CPTPP entered into force on 30 December 2018.
World Trade Organization
is a founding member of the World Trade Organization since January 1, 1995.Free-trade agreements
Agrements in force or provisionally in force
The following is a list of countries and trading blocs that Canada has current FTAs with.Agreement name | Abbreviation | Countries/blocs involved | Signed | Entered into force |
Canada–United States Free Trade Agreement | CUSFTA | 12 October 1987 | 1 January 1989 | |
North American Free Trade Agreement | NAFTA | 17 December 1992 | 1 January 1994 | |
Canada–Israel Free Trade Agreement | CIFTA | 31 July 1996 | 1 January 1997 | |
Canada–Chile Free Trade Agreement | CCFTA | 5 December 1996 | 5 July 1997 | |
Canada–Costa Rica Free Trade Agreement | CCRFTA | 23 April 2001 | 1 November 2002 | |
Canada–European Free Trade Association Free Trade Agreement | CEFTA | 26 January 2008 | 1 July 2009 | |
Canada–Peru Free Trade Agreement | CPFTA | 29 May 2008 | 1 August 2009 | |
Canada–Colombia Free Trade Agreement | 21 November 2008 | 15 August 2011 | ||
Canada–Jordan Free Trade Agreement | 28 June 2009 | 1 October 2012 | ||
Canada–Panama Free Trade Agreement | 14 May 2010 | 1 April 2013 | ||
Canada–Honduras Free Trade Agreement | 5 November 2013 | 1 October 2014 | ||
Canada–Korea Free Trade Agreement | CKFTA | 11 March 2014 | 1 January 2015 | |
Canada–Ukraine Free Trade Agreement | CUFTA | 11 July 2016 | 1 August 2017 | |
Comprehensive Economic and Trade Agreement | CETA | 30 October 2016 | 21 September 2017 | |
Comprehensive and Progressive Agreement for Trans-Pacific Partnership | CPTPP, TPP-11 | 8 March 2018 | 30 December 2018 | |
Canada–United States–Mexico Agreement | CUSMA, USMCA | 30 November 2018 | 1 July 2020 |
Free-trade agreements under negotiation
Canada is negotiating bilateral FTAs with the following countries and trade blocs:- Caribbean Community
- Dominican Republic
- Guatemala, Nicaragua and El Salvador
- India
- Japan
- Morocco
- Singapore
- Pacific Alliance
- Mercosur
Exploratory discussions
- China
- Philippines
- Thailand
- Turkey
- Association of South East Asian Nations
Abandoned free-trade agreement proposals
Agreement name | Abbreviation | Countries involved | Notes |
Free Trade Area of the Americas | FTAA | Proposed expansion of the North American Free Trade Agreement to all members of the Organization of American States, negotiated from 1994 to 2005. During the 4th Summit of the Americas in 2005, 26 of the countries pledged to meet again in 2006 to resume negotiations but no such meeting took place. | |
Canada–Central American Four Free Trade Agreement | CCA4FTA | Twelve rounds of negotiations from 2001 to 2010. When no agreement was reached during the 2010 round, Canada and Honduras decided to pursue bilateral negotiations and concluded a separate bilateral FTA. | |
Trans-Pacific Partnership | TPP | Agreement was signed 4 February 2016. Following the withdrawal of the United States' signature on 23 January 2017 the agreement is defunct, and the remaining members instead concluded the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. |
Foreign investment promotion and protection agreements
A foreign investment promotion and protection agreement 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.- Canada–Argentina
- Canada–Armenia
- Canada–Barbados
- Canada–Benin
- Canada–Burkina Faso
- Canada–Cameroon
- Canada–China
- Canada–Costa Rica
- Canada–Côte d'Ivoire
- Canada–Croatia
- Canada–Czech Republic
- Canada–Ecuador
- Canada–Egypt
- Canada–Guinea
- Canada–Hong Kong
- Canada–Hungary
- Canada–Jordan
- Canada–Kosovo
- Canada–Kuwait
- Canada–Latvia
- Canada–Lebanon
- Canada–Mali
- Canada–Mongolia
- Canada–Panama
- Canada–Peru
- Canada–Philippines
- Canada–Poland
- Canada–Romania
- Canada–Russian Federation
- Canada–Senegal
- Canada–Serbia
- Canada–Slovak Republic
- Canada–Tanzania
- Canada–Thailand
- Canada–Trinidad & Tobago
- Canada–Ukraine
- Canada–Uruguay
- Canada–Venezuela
FIPAs signed
- Canada–Moldova
- Canada–Nigeria
FIPA negotiations concluded
- Canada–Albania
- Canada–Bahrain
- Canada–Madagascar
- Canada–Zambia
- Canada–United Arab Emirates
Ongoing FIPA negotiations
- Canada–Gabon
- Canada–Georgia
- Canada–Ghana
- Canada–India
- Canada–Kazakhstan
- Canada–Kenya
- Canada–Republic of Macedonia
- Canada–Mauritania
- Canada–Mozambique
- Canada–Pakistan
- Canada–Qatar
- Canada–Rwanda
- Canada–Tunisia