The variable “total trade” was calculated by adding the imported values to export values. The variable “net exports” was calculated by subtracting the import from the export values. With regard to customs imports, the country in which the goods were grown, obtained or produced determines the country of origin, the trading partner. For customs exports, the Canadian exporter determines the trading partner based on the final destination. Canada`s total trade with NAFTA countries was valued at $788 billion, or 66.8% of total Canadian world trade in 2018. Automotive production and natural resources were among the main export industries. [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. The data in this document are taken from the new table 12-10-0140-01, which contains monthly data on international merchandise trade in Canada after free trade agreements. The infographic “A Look at Free Trade in Canada” is now available as part of Statistics Canada — Infographics (Catalogue 11-627-M). Today, Statistics Canada is releasing the infographic “A Look at Free Trade in Canada,” which illustrates statistics on imports and exports with countries or groups of countries with which Canada has free trade agreements in force. 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. Tariff cuts have increased “total factor productivity,” an indicator that takes into account both capital and labor utilization, an average annual rate of 1 percent for the most affected sectors and 0.2 percent for manufacturing as a whole. . . .