Free Trade Agreement Canada Argentina

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. 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). [1] [2] 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). [3] At the end of 2014, bilateral trade in Canada reached $1 trillion for the first time. [4] The two nations have signed several agreements, such as. B an agreement on the construction of the nuclear power plant in the Rio Tercero dam (1976); Air Services Agreements (1979); Agreement on investment promotion and protection (1993); the 1994 agreements on the prevention of double taxation and the prevention of tax evasion in relation to income and capital taxes; Legal assistance treaty (2000); Joint Declaration of Intent on Energy Efficiency (2018); Joint Statement of Intent on Mining Policy (2018); and a Memorandum of Understanding (2018). [7] Use the drop-down menu to search for an agreement by grouping of countries, type of contract or status. Or use the filter option to search for keywords. The potential benefits of a canada-Mercosur free trade agreement for key Canadian sectors.

Take your business to the next level. Discover opportunities to grow your footprint in Argentina with our Trade Commissioner Service (TCS) and learn more about trade relations between the two countries, market facts and other discoveries. Bilateral trade between Canada and Argentina was estimated at $2 billion in 2018. Canadian exports to Argentina were estimated at nearly $327.9 million in 2018, making Argentina the 53rd largest export destination. The main exports of goods were machinery and parts (27.5%), aerospace products (17.7%), pharmaceuticals (8.1%) electrical and electronic machinery and equipment (7.5%). In 2018, Canadian imports from Argentina totaled $1.7 billion, the vast majority of which were metals (mainly gold), with Canada strongly represented in Argentina`s mining sector. Other primary imports were beverages (wine), fruits (apples and citrus fruits), minerals and prepared plant foods. On April 12, 2017, Canada and MERCOSUR held a technical working meeting to reactivate discussions on a possible trade agreement between the two parties. On July 24, 2017, delegations from Canada and Mercosur held a technical meeting to discuss a possible trade agreement. In November 2016, Canadian Prime Minister Justin Trudeau made an official visit to Argentina and met with President Mauricio Macri.

During his visit, the two nations celebrate the 75th anniversary of bilateral relations. [6] The two heads of state and government also discussed the resumption of annual bilateral human rights consultations between Argentina and Canada; Maintaining an ongoing dialogue on deepening Canada`s trade and investment relationship with Mercosur; Strengthen efforts to combat climate change through the full and effective implementation of the Paris Agreement and the strengthening of bilateral and multilateral cooperation in the areas of disarmament, non-proliferation and the peaceful uses of nuclear energy.