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Free Trade Agreements Of Canada
The free trade agreements of Canada represents Canada's cooperation in multinational Trade agreement, trade pacts and plays a large role in the Economy of Canada, Canadian economy. Canada is regularly described as a trading nation, considering its total trade is worth more than two-thirds of its Gross domestic product, GDP (the second highest level in the G7, after Germany). Of that total trade, roughly 75% is done with countries that are part of free trade agreements with Canada—primarily the Canada - United States trade, United States through the United States–Mexico–Canada Agreement, Canada–United States–Mexico Agreement (CUSMA), and its predecessor the North American Free Trade Agreement (NAFTA). By the end of 2014, Canada's bilateral trade hit Can$1 trillion for the first time. Canada is a signatory to 15 free trade agreements with 51 countries. Overview Canada is a founding member of the World Trade Organization (WTO) since 1 January 1995, having been an origin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada–Korea Free Trade Agreement
The Canada–Korea Free Trade Agreement (CKFTA; less often known as CSKFTA - Canada-South Korea Free Trade Agreement) is a free trade agreement between Canada and South Korea. The agreement was concluded at the Blue House in Seoul on 11 March 2014 by Stephen Harper, the Prime Minister of Canada, and Park Geun-hye, the President of South Korea. It is the first free trade agreement between Canada and an Asia Pacific nation. The agreement entered into force on 1 January 2015. In the years since its ratification, Canada has aimed to eliminate 97.8% of its tariff lines for goods imported from South Korea, and South Korea has aimed to eliminate 98.2% of its tariff lines for goods imported from Canada. Background The two countries began discussing establishing a free trade agreement in 2005, and held 14 rounds of bargaining sessions before finalizing the agreement. Canada's trade with South Korea had dropped by about after the conclusion of the European Union–South Korea Free Tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada–European Free Trade Association Free Trade Agreement
The Canada–European Free Trade Association Free Trade Agreement is a trade agreement between Canada and the member states of the European Free Trade Association (Iceland, Norway, Switzerland and Liechtenstein). Signed in Davos, Switzerland on January 26, 2008, it came into effect on July 1, 2009. The agreement is aimed at eliminating all tariffs on goods between Canada and EFTA members. In 1999, Canada entered into free trade negotiations with the EFTA. Negotiations concluded successfully in June 2007, and the FTA between Canada and the EFTA States was signed on January 26, 2008. Bilateral Agreements on Agriculture between Canada and each EFTA State were appended to the CEFTA. Both came into effect on July 1, 2009. The agreement eliminates almost all tariffs, with certain agricultural and fishery products being excluded from immediate tariff elimination. Bilateral trade totaled $10.7 billion in 2006 (With Canadian imports from the EFTA valued at $7.6 billion and Exports to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada–Costa Rica Free Trade Agreement
The Canada–Costa Rica Free Trade Agreement (CCRFTA) is a free trade agreement between Costa Rica and Canada. It was signed on April 23, 2001 in Ottawa, Ontario, and came into effect on November 1, 2002. It is the first bilateral free trade agreement to include innovative stand-alone procedures on trade. 87% of all tariffs on agricultural products were eliminated, either immediately, or over a 7-14 year period. Tariffs on many other industries like automotive goods and goods were also eliminated. Several sectors of agriculture were excluded from the treaty; eggs, dairy, poultry and beef being excluded, and Costa Rica decided to leave potatoes out of the FTA. Both nations agreed to use the World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland that regulates and facilitates international trade. Governments use the organization to establish, revise, and enforce the rules that g ... rules for sanitary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada–Chile Free Trade Agreement
Canada–Chile Free Trade Agreement (CCFTA) is a trade agreement between Canada and Chile. It was signed on December 5, 1996, in Santiago, Chile and came into effect on July 5, 1997. Tariffs on 75 percent of bilateral trade were immediately eliminated. It was Canada's first free trade agreement with a Latin American nation (other than Mexico), and was Chile's first full free trade agreement. Over the first decade, trade between Canada and Chile increased more than 300%, with the trade of goods rising from $718 million in 1996 to $2.7 billion in 2010. Bilateral service trade increased to $164 million by 2005. Canadian investments in Chile reached $13.3 billion in 2010, and Canada has been the largest source of new investment in Chile. In 2012, Canadian prime minister Stephen Harper and Chilean president Sebastián Piñera announced the expansion to the CCFTA, with a financial services chapter in which Canadian financial institutions will enjoy preferential access to the Chilean mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada–Israel Free Trade Agreement
The Canada–Israel Free Trade Agreement (CIFTA) is a free trade agreement between Canada and Israel. History It was signed on July 31, 1996, and came into effect on January 1, 1997. It was Canada's first free trade agreement outside of the Western Hemisphere. 80% Tariffs on most manufactured and agricultural goods were eliminated. However, CIFTA does not affect certain agriculture sectors like poultry, dairy and eggs. CIFTA was amended in 2002, 2003 and 2015. On May 27, 2019, Bill C-85 went before parliament to amend CIFTA and received royal assent. This most recent amendment was in force from September 1, 2019. The first amendment allows certain products like textiles to undergo some levels of processing in the United States without losing their status while in transit. The second amendment further reduced agricultural tariffs. CIFTA's main goals include: *The elimination of trade barriers and tariffs *Promotion of fair competition *The increase of investments between the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada–United States Free Trade Agreement
The Canada–United States Free Trade Agreement (CUSFTA), official name as the Free Trade Agreement between Canada and the United States of America (), was a bilateral trade agreement reached by negotiators for Canada and the United States on October 4, 1987, and signed by the leaders of both countries on January 2, 1988. The agreement phased out a wide range of trade restrictions in stages, over a ten-year period, and resulted in a substantial increase in cross-border trade as an improvement to the last replaced trade deal. With the addition of Mexico in 1994, CUSFTA was superseded by the North American Free Trade Agreement (NAFTA) (, ). As stated in the agreement, the main purposes of the Canada–United States Free Trade Agreement were: *Eliminate barriers to trade in goods and services between Canada and the United States *Facilitate conditions of fair competition within the free-trade area established by the Agreement *Significantly liberalize conditions for investment wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Group Of Seven
The Group of Seven (G7) is an Intergovernmentalism, intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is organized around shared values of Cultural pluralism, pluralism, liberal democracy, and Representative democracy, representative government. G7 members are major Developed country#IMF advanced economies, IMF advanced economies. Originating from an ''ad hoc'' gathering of finance ministers in 1973, the G7 has since become a formal, high-profile venue for discussing and coordinating solutions to major list of global issues, global issues, especially in the areas of trade, security, economics, and climate change. Each member's head of government or head of state, state, along with the EU's President of the European Commission, Commission president and President of the European Council, European Council president, mee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pacific Rim
The Pacific Rim comprises the lands around the rim of the Pacific Ocean. The '' Pacific Basin'' includes the Pacific Rim and the islands in the Pacific Ocean. The Pacific Rim roughly overlaps with the geological Pacific Ring of Fire. List of countries on the Pacific Rim This is a list of countries that are generally considered to be a part of the Pacific Rim, since they lie along the Pacific Ocean. Arranging from north to south, west to east in directional order. * East Asia ** Russian Federation ** ** ** ** *** *** ** * Southeast Asia ** ** ** ** ** ** ** ** ** * Oceania (Sovereign states) ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** * Oceania (Dependent territories) ** External territory of Australia *** ** Realm of New Zealand *** ** French overseas collectivities *** *** *** ** British Overseas Territory *** ** United States insular areas *** *** *** ** United States *** ** Insular Chile *** * North Ameri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comprehensive And Progressive Agreement For Trans-Pacific Partnership
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), previously abbreviated as TPP11 or TPP-11 before enlargement, is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom and Vietnam. The twelve members have combined economies representing 14.4% of global gross domestic product, at approximately trillion, making the CPTPP the world's fourth largest free trade area by GDP, behind the United States–Mexico–Canada Agreement, the European single market, and the Regional Comprehensive Economic Partnership. History Trans-Pacific Partnership The CPTPP evolved from the Trans-Pacific Partnership (TPP) abbreviated as TPP11 or TPP-11, an agreement which was never ratified due to the withdrawal of the United States. The TPP had been signed on 4 February 2016 but never entered into force, as the U.S. withdrew from the agreement soon after the election of President Don ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
