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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 ...
The Canada–United States Free Trade Agreement (CUSFTA), official name as the Free Trade Agreement between Canada and the United States of America (French: Accord de libre-échange entre le Canada et les États-Unis d'Amérique), was a bilateral trade agreement reached by negotiators for Canada and the United States on October 4, 1987, and signed by the leaders of both countries on January 2 ...
A 2019 working paper from the International Monetary Fund found that internal trade barriers continued to impact Canadian GDP despite the updated agreement and "significant scope to build on the new Canadian Free Trade Agreement", claiming that removing barriers to internal trade could increase Canada’s GDP per capita by as much as 3.8%. [17]
Factor price equalization. Factor price equalization is an economic theory, by Paul A. Samuelson (1948), which states that the prices of identical factors of production, such as the wage rate or the rent of capital, will be equalized across countries as a result of international trade in commodities. The theorem assumes that there are two goods ...
Terms of trade. The terms of trade ( TOT) is the relative price of exports in terms of imports [ 1] and is defined as the ratio of export prices to import prices. [ 2] It can be interpreted as the amount of import goods an economy can purchase per unit of export goods. An improvement of a nation's terms of trade benefits that country in the ...
Canada–Jordan Free Trade Agreement (Signed on June 28, 2009, entered into force October 1, 2012) Canada–Panama Free Trade Agreement (Signed on May 14, 2010, entered into force April 1, 2013) Canada–South Korea Free Trade Agreement (Signed on March 11, 2014, entered into force January 1, 2015)
Aside from their provisions on reducing tariffs, contentious issues in modern free trade agreements may revolve around regulatory harmonization on issues such as intellectual property regulations, labour rights, [2] and environmental and safety regulations. [3] Increasing efficiency and economic gains through free trade is a common goal.
Canadian content value. IRB Canadian content value (CCV) is the percentage of the selling price of a product or service which represents Canadian labour and materials and is potentially eligible as an offset against a Canadian Industrial Regional Benefits (IRB) obligation with the Government of Canada. [ 1] Canadian content value is measured in ...