However, in other cases, a name indicating a broad agreement may not reflect a broad scope. For example, the Comprehensive Economic Partnership Agreement (EPA) that Canada is currently negotiating with India could “essentially cover all trade in goods and services; Investments facilitate exchanges and other areas of economic cooperation as a “one company” that generates additional trade flows and economic benefits. 28 If successful, these negotiations should result in an agreement similar to a traditional free trade agreement, and the CEPA title mainly reflects the terminology used in India and not an agreement of exceptional scope29. 30 Canada has been a founding member of the World Trade Organization (WTO) since January 1, 1995. COVID-19 covers international travel, including business travel under free trade agreements such as NAFTA, CETA and CPTPP. For more information, visit the relevant immigration services of Canada`s trading partners. Data on Canada`s international merchandise trade with countries and groups of countries participating in a free trade agreement with Canada are also released today. These agreements can be at different stages of negotiation, from discussions to existing agreements. The 153 WTO members are all contracting parties to 16 WTO multilateral trade agreements covering trade in goods and services, intellectual property protection, dispute settlement and trade policy review. Some members, including Canada, are also parties to two multilateral trade agreements covering civil aircraft and government procurement6 The North American Free Trade Agreement between Canada, the United States and Mexico came into force on January 1, 1994 and created the world`s largest post-GDP free trade region. Until 2014, NAFTA`s GDP was estimated at more than $20 trillion, with a market of 474 million people. [5] [6] Based on this success, Canada continues to negotiate free trade agreements with more than 40 countries and has free trade agreements, most recently with South Korea, Canada`s first free trade agreement with an Asia-Pacific partner.

Since 2018, Canada has also concluded two other important multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement with 10 other Pacific countries. [7] On September 21, 2017, CETA was provisionally implemented, immediately removing 98% of the EU`s customs positions on Canadian products. [8] Canada is currently the only G7 country to have free trade agreements with all other G7 countries.