Did you know? Canada is the only G7 country to have free trade agreements with all other G7 countries. When you export goods, you may benefit from a tariff advantage under one of Canada`s free trade agreements, making your product more competitive in an FHA market. Each commodity traded has a specific six-digit code under the Harmonized System or “HS”. Beyond six digits, tariff codes vary by country. You can use Canada`s Tariff Information Tool, a free online tool, to determine how each FTA partner is likely to classify your goods, as well as the applicable preferential rates footnote 1. Multinational companies investing in Canada benefit from Canada`s free trade agreements in a number of ways, including: In September 2019, Global Affairs Canada listed 31 free trade agreements at various stages of negotiation. Twenty of them are with individual countries, while the other 11 are with groups of countries. Some countries are part of more than one free trade agreement with Canada. For Canadian service providers and investors abroad, Canada`s free trade agreements also help provide better access to opportunities in foreign markets while reducing the potential risks they may face by ensuring that Canadian businesses are treated in the same predictable and transparent manner as their domestic competitors, as well as those of other countries. Although there are exceptions to the extent that free trade agreements offer these guarantees, they are clearly stated in the text of the agreements.
This will allow Canadian service providers or potential investors interested in one of these FHA markets to better understand market conditions before proceeding with their project. His work focuses on the impact of the Free Trade Agreement on various performance indicators in the Canadian manufacturing sector from 1989 to 1996. In one-third of the industries that experienced the largest tariff reductions during this period, between 5 and 33 percent and an average of 10 percent, employment fell by 15 percent, production fell by 11 percent, and the number of factories fell by 8 percent. These industries include manufacturers of clothing, footwear, upholstered furniture, coffins and coffins, fur goods and adhesives. For the entire manufacturing sector, comparable figures are 5, 3 and 4 percent, respectively, according to Trefler. “These numbers reflect the high customization costs associated with reallocating resources from protected and inefficient low-end manufacturing,” he notes. The North American Free Trade Agreement between Canada, the United States and Mexico entered into force on the 1st. It entered into force in 1994 and created the world`s largest free trade region in terms of GDP. In 2014, NAFTA`s combined GDP was estimated at more than C$20 trillion, with a market that includes 474 million people.
  Building on this success, Canada continues to negotiate and conclude free trade agreements with more than 40 countries, most recently with South Korea, which is Canada`s first free trade agreement with a partner in the Asia-Pacific region […].