A look at free trade in Canada

Release date: September 4, 2019
A look at free trade in Canada
Description: A look at free trade in Canada

A look at free trade in Canada

The objective of free trade agreements is to increase trade with partner countries by reducing tariff barriers and opening access to foreign markets. At present, there are 14 free trade agreements currently in force in Canada involving 51 countries. Canada's trade with these countries accounted for 78.5% of Canada's imports and 89.7% of Canada's exports in 2018.

North American Free Trade Agreement (NAFTA)

Canada's total trade with the member countries of NAFTA was valued at $788 billion and accounted for 66.8% of Canada's total trade with the world in 2018.

Canada-European Union Comprehensive Economic and Trade Agreement (CETA)

Canada's total trade with the member countries of CETA was valued at $118 billion and accounted for 10.0% of Canada's total trade with the world in 2018.

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

Canada's total trade with the member countries of CPTPP was valued at $98 billion and accounted for 8.3% of Canada's total trade with the world in 2018.

Top 3 imports and top 3 exports with NAFTA member countries
  North American Product Classification system (NAPCS) group Value in billions of dollars in 2018
Top 3 imports Motor vehicle engines and motor vehicle parts 36.4
Passenger cars and light trucks 35.9
Other general purpose machinery and equipment 14.4
Top 3 exports Crude oil and crude bitumen 82.9
Passenger cars and light trucks 52.0
Motor vehicle engines and motor vehicle parts 20.1
Top 3 imports and top 3 exports with CETA member countries
  North American Product Classification system (NAPCS) group Value in billions of dollars in 2018
Top 3 imports Pharmaceutical and medicinal products 9.5
Passenger cars and light trucks 7.0
Other general purpose machinery and equipment 4.9
Top 3 exports Unwrought gold, silver, and platinum group metals and their alloys 10.6
Crude oil and crude bitumen 2.7
Iron ores and concentrates 2.4
Top 3 imports and top 3 exports with CPTPP member countries
  North American Product Classification system (NAPCS) group Value in billions of dollars in 2018
Top 3 imports Passenger cars and light trucks 11.2
Motor vehicle engines and motor vehicle parts 9.1
Electronic and electrical parts 3.0
Top 3 exports Coal 2.3
Meat products 2.1
Canola 2.0

Source: Statistics Canada, table 12-10-0140-01 and the Canadian International Merchandise Trade Database

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