Canada negotiates bilateral free trade agreements with the following countries and trading blocs: According to the Bank of Canada, the removal of inter-provincial trade barriers could lead to potential production of up to two-tenths of a percentage point per year. Canada is regularly referred to as a trading nation, with total trade accounting for more than two-thirds of its GDP (the second highest level in the G7 after Germany).   Of all of this trade, approximately 75% are wiretapped with countries that are part of free trade agreements with Canada, particularly with the United States through the North American Free Trade Agreement (NAFTA).  At the end of 2014, bilateral trade in Canada reached $1 trillion for the first time.  The Canadian International Trade Tribunal (CITT) is the main quasi-judicial institution in Canada`s trade assistance system. The CITT has the authority to investigate complaints about purchases covered by trade agreements. For more information, see: Canada is conducting exploratory discussions on bilateral or multilateral free trade agreements with the following countries and trade blocs, although formal negotiations have not yet begun: Canada`s free trade agreements, Foreign Investment Promotion and Protection Agreements (FIPA) and multilateral agreements and initiatives. The Chile, Peru, Colombia and Korea free trade agreements on this side contain provisions similar to the North American Free Trade Agreement (NAFTA) that grant temporary access to four categories of businessmen: business visitors, professionals, internal distributors, traders and investors. There are differences with respect to NAFTA.
In December 2014, the federal, regional and territorial governments began negotiations to strengthen and modernize the Internal Trade Agreement (TIA). They were led by the premiers and the federal government to reach an ambitious, balanced and fair agreement that smoothes the competitive conditions for trade and investment in Canada. Learn more about Canada`s trade and investment agreements: types of contracts and the gradual development of trade and investment agreements. Improved and modernized trade rules CfTA is making significant progress in Canada`s internal trade framework, improving the flow of goods and services, investment and labour mobility, removing technical barriers to trade, significantly expanding purchase coverage and fostering regulatory cooperation within Canada. The Canadian government is committed to creating the best conditions for Canadian businesses to compete internationally. Free trade agreements (FTAs) and Foreign Investment Promotion and Protection Agreements (FTIs) between Canada and our trading partners create new opportunities for Canadian businesses.