Canada is conducting exploratory discussions on bilateral or multilateral free trade agreements with the following countries and trading blocs, although formal negotiations have not yet begun:[7] Canada`s total trade with NAFTA countries was estimated at $788 billion, or 66.8% of total Canadian world trade in 2018. Automotive production and natural resources were among the main export industries. Malaysia is one of Canada`s largest bilateral trading partners in the ASEAN region. In 2018, bilateral trade amounted to $3.8 billion. Canadian merchandise exports to Malaysia were valued at over $US 784 million. Canada`s top exports included fertilizers, soybeans, wheat, electrical machinery and appliances, and machinery and mechanical equipment. Canada`s merchandise imports from Malaysia, estimated at nearly $3 billion, consisted mainly of electronic machinery and apparatus, printing machines, technical and precision instruments, and rubber. 37.5% TPP% of world population: 11.4% TPP% of world trade: 25.7% of Canada`s trade relations with Malaysia. [3] [6] [7] Malaysia is also a member of the Trans-Pacific Strategic Economic Partnership to which Canada joined in 2012. [8] In 2018, Canada attempted to improve its trade relations with the Malaysian state of Sabah, including infrastructure, energy, information and communications technology, water treatment and waste, as it has expertise in these areas and in the field of education.

[9] [10] Https://www.mfat.govt.nz/en/trade/free-trade-agreements/free-trade-agreements-in-force/cptpp/comprehensive-and-progressive-agreement-for-trans-pacific-partnership-text/#commission A free trade agreement is an international agreement between two or more countries aimed at reducing or eliminating barriers to trade and bringing economic integration closer together. The North American Free Trade Agreement between Canada, the United States and Mexico entered into force on January 1, 1994 and created the world`s largest free trade region by GDP. In 2014, the combined GDP for NAFTA was estimated at more than $20 trillion, with a market of 474 million people. [5] [6] Building on this success, Canada continues to negotiate and conclude free trade agreements with more than 40 countries, most recently with South Korea, which is Canada`s first free trade agreement with a partner in the Asia-Pacific region. Beginning in 2018, Canada also concluded two other important multilateral trade agreements: the Comprehensive Economic and Trade Agreement (CETA) with the European Union and the Eleven-Nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with ten other Pacific countries. [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. Multinationals investing in Canada benefit in a variety of ways from Canada`s free trade agreement, including: Canada is regularly referred to as a trading nation, since its total trade is worth more than two-thirds of its GDP (the second highest level in the G7 after Germany). [1] [2] Of this total, about 75% are treated with countries that are part of free trade agreements with Canada, particularly with the United States, on the North American Free Trade Agreement (NAFTA). [3] At the end of 2014, Canadian bilateral trade reached $1 trillion for the first time. [4] Which country gives you access to 1.5 billion consumers in 51 countries? Canada.

When it comes to global market access, things are not getting better. With 14 free trade agreements covering 60% of global GDP, Canada is opening doors to cross-border growth. . . .