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Canada is a founding member of the World Trade Organization (WTO) since 1 January 1995, having been an original GATT member since 1 January 1948.. The North American Free Trade Agreement (NAFTA), which is held with Canada by the United States and Mexico, came into force on 1 January 1994, creating the largest free trade region in the world by GDP.
In the last round of negotiations, trade ministers from 34 countries met in Miami, Florida, in the United States, in November 2003 to discuss the proposal. [1] The proposed agreement was an extension of the North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States.
International trade increased with the establishment of the European Union (EU) in 1993, North American Free Trade Agreement (NAFTA) in 1994, and World Trade Organization (WTO) in 1995. The Asia-Pacific economies of the Four Asian Tigers, ASEAN, Australia and Japan were hampered by the 1997 Asian financial crisis and early 1990s recession.
ASEAN–Australia–New Zealand Free Trade Area (AANZFTA) is a free trade area between ASEAN and ANZCERTA that was signed on 27 February 2009 and came into effect on 1 January 2010. Details of the AANZFTA agreement are available online. [27] ASEAN–China Free Trade Area (ACFTA), in effect as of 1 January 2010 [28]
GUAM Organization for Democracy and Economic Development (GUAM) FTA [11] [12] - unclear application, the WTO was notified in only 2017 - multilateral free trade regime among 4 countries (International Trade Centre says there is no free trade area in operation with distinct rules from an Agreement on Creation of CIS Free Trade Area, was signed ...
The European Union has concluded free trade agreements (FTAs) [1] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [2] The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to ...
The Trade in Services Agreement (TiSA) was a proposed international trade treaty between 23 Parties, including the European Union, United Kingdom and the United States. The agreement aimed at liberalizing the worldwide trade of services such as banking , healthcare , and transport . [ 1 ]
The Canada–Honduras Free Trade Agreement is a free trade agreement between Canada and Honduras which entered into force on 1 October 2014. From 2000-2010, Canada was in multilateral negotiations with Honduras, Guatemala , El Salvador , and Nicaragua (collectively the Central American Four or CA4) on a proposed Canada–Central American Four ...