Free trade agreements of Canada

  Canada
  Countries and territories with free trade agreements

The free trade agreements of Canada represents Canada's cooperation in multinational trade pacts and plays a large role in the Canadian economy. Canada is regularly described as a trading nation, considering its total trade is worth more than two-thirds of its GDP (the second highest level in the G7, after Germany).[1][2] Of that total trade, roughly 75% is done with countries that are part of free trade agreements with Canada—primarily the United States through the Canada–United States–Mexico Agreement (CUSMA), and its predecessor the North American Free Trade Agreement (NAFTA).[3] By the end of 2014, Canadas bilateral trade hit Can$1 trillion for the first time.[4] Canada is a signatory to 15 free trade agreements with 51 different countries.[5]

  1. ^ Hart, M. (2003). A Trading Nation: Canadian Trade Policy from Colonialism to Globalization. University of British Columbia Press. ISBN 9780774808958. Archived from the original on 17 August 2021. Retrieved 26 November 2014.
  2. ^ OECD. "OECD Statistics". stats.oecd.org. Archived from the original on 10 July 2018. Retrieved 26 November 2014.
  3. ^ Coyne, Andrew (March 16, 2012), Andrew Coyne: Canada at the crossroad of trade, archived from the original on 24 March 2012, retrieved 2 May 2014
  4. ^ "Imports, exports and trade balance of goods on a balance-of-payments basis, by country or country grouping". Statistics Canada. 18 November 2014. Archived from the original on 22 July 2016. Retrieved 21 September 2017.
  5. ^ "Expand globally with Canada's free trade agreements". GAC. 2020-12-03. Retrieved 2023-05-14.

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