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BUSINESS AND FREE TRADE
Free trade agreements
For many years, Canada has signed free trade agreements with various countries in the Americas to increase the growth of commercial exchanges and investments between the concerned parties.
- ALE, a free trade agreement between Canada and the United States, launched in 1989, to eliminate a majority of customs tariff between the two countries.
- NAFTA, the North American Free Trade Agreement between Canada, the United States and Mexico, was launched in 1994. This agreement gives Quebec access to a marketplace of more than 440 million consumers and a gross domestic product more than $15 US billion dollars.
- FTAA, the Free Trade Area of the Americas, promises to liberalise even more exchanges between the 34 countries of the two Americas. This vast region represents a market of nearly 900 million inhabitants with a GDP of more than $19 US billion dollars.
Source: Montreal International