Canada`s Current Trade Agreements
National and international trade agreements with purchase obligations: the first trade agreement between Canada and a foreign country was negotiated with France in 1893 and came into force in 1895, the same year the first trade commissioner arrived at his post in Sydney, Australia. The agreement gave both countries the status of the most favoured nation and the broad minimum tariffs on certain goods, such as canned Canadian meat, fish and fruit. The British also insisted that Canada extend the treatment to it and to the countries with which it had contracts, including Belgium, Germany, Sweden and Russia. A country selects a partner for a FIPA based on a wide range of criteria, such as economic interests, current and future direct investment prospects, investor protection in the host country, the likelihood of reaching an appropriate agreement, and other trade or foreign policy factors.13 The “global trading” variable was calculated by adding import values to export values. The “net export” variable was calculated by subtracting the import of export values. NAFTA is one of the most comprehensive free trade agreements in Canada. This agreement – signed by Canada, the United States and Mexico and entered into force in 1994 – eliminated most tariff and non-tariff barriers to trade and investment between the three signatories. NAFTA is broad and includes provisions on market access to goods and services, investment protection and intellectual property, 23 In addition, NAFTA partners have negotiated subsidiary agreements on environmental cooperation and environmental cooperation24 Data on this document have been drawn from the new table 12-10-0140-01. , which contains monthly data on international trade in goods in Canada through free trade agreements.
Learn more about Canada`s trade policy and key trade priorities, including how access to foreign markets is essential to our prosperity. “We are trying to move these issues forward both domestically and bilaterally and multilaterally,” says McCall. Canada, for example, seeks to establish dialogue and momentum on trade and gender issues within the World Trade Organization, the Organization for Economic Co-operation and Development and Asia-Pacific economic cooperation. There are a number of options to promote trade and investment. They include a wide range of agreements ranging from agreements to encourage foreign investment and protect foreign investment with relatively limited objectives to broader economic and trade agreements.