Mexico`s inclusion in the Canada-U.S. agreement was not very important to Canadian exporters, as less than half of Canada`s 1% foreign sales were made to Mexico. The positive impact on the services sector, and in particular on financial services, is expected to be greater in the foreseeable future. In 2010, Mexico was Canada`s fifth largest export. Discover new ways to expand your international presence. Canada`s broad (and growing) commercial network provides Canadian businesses with preferential access to various markets around the world. This page examines Canada`s Free Trade Agreement (FTA), Foreign Investment Promotion and Protection Agreements (FIPA), multilateral agreements and World Trade Organization (WTO) agreements. Note: The texts of the treaty on this page are exclusively for information; the official texts of the treaties are published in the “Treaty of Canada” series. The U.S.-Canada free trade agreement and its prorogation, the North American Free Trade Agreement (NAFTA), marks its anniversary, hailed by free trade advocates as the second best option for a new multilateral agreement and described by opponents as a steady shift toward economic dependence on the huge U.S. market.
Canada and the United States, the two countries that shared the world`s largest trade flows at the time, have entered “agriculture, investment, customs withdrawal, services and dispute resolution” on several fronts. At the time, the U.S.-Canada agreement coincided with a huge increase in global protectionist pressure and, paradoxically, with the first case of a major bilateral trade agreement between the United States, given the difficulties in negotiating a new round of multilateral trade negotiations, the Doha Round. For Canada, these developments in the United States in the early 1980s were sometimes threatening. Canada`s dependence on the U.S. market and the tsarality of North American integration in key sectors such as automotive, energy, pulp and paper have forced governments at all levels to be concerned about the new U.S. trading environment. But events have also changed in Canada, but on different sides.
