The Canadian Free Trade Agreement

Beginning in 2018, Canada also concluded two other important multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the Eleven-Nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with ten other Pacific countries. [7] On September 21, 2017, CETA was provisionally applied, which immediately eliminated 98% of the Union`s tariffs on Canadian products. [8] Canada is currently the only G7 country to have free trade agreements with all other G7 countries. Free trade with the last G7 country, Japan, began with the entry into force of the CPTPP on 30 December 2018. Once fully implemented, the CPTPP will constitute a trading bloc representing 495 million consumers and 99% of tariff headings will be duty-free between the parties. Canada`s best exports to CPTPP member countries include natural resources and agricultural products. . . .