Suxin Yao

Economics
The most important development in Canadas history is its
international trade policies with all countries, especially
the United States of America. These policies, which have
helped Canada to become a world leader and most
importantly a G8 country.
Canada's Free Trade Agreements is one of the most
important policies. An FTA enables you to compete on a more
even playing field with local firms in the FTA partner country.
Under an FTA, a range of Canadian goods and services benefit
from the reduction or elimination of tariff and non-tariff
barriers to trade, such as quotas or technical barriers. It is
important to note that each FTA covers different industry
sectors and contains different provisions, depending on the
FTA partner. For example, some of Canadas more recent FTAs
go beyond traditional trade barriers to cover business
practices in labor mobility, intellectual property and
investment. For example Canada-Korea Free Trade Agreement

(CKFTA) The CKFTA entered into force on January 1, 2015.

This landmark agreement constitutes Canadas first free
trade agreement in the Asia-Pacific region and provides
new access for Canadian businesses and workers to the
worlds 15th-largest economy and the fourth largest in
Asia. In fact, the Canada-Korea Free Trade Agreement is
projected to create thousands of jobs for hardworking
Canadians by boosting Canadas economy by $1.7 billion
and increase Canadian exports to South Korea by 32
percent. South Korea is not only a major economic player
in its own right and a key market for Canada; it also
serves as a gateway for Canadian businesses and workers
into the dynamic Asia-Pacific region as a whole.
Furthermore, Foreign Investment Promotion and Protection
(FIPAs) is also a significant one for Canadas economy. It
aimed at protecting and promoting foreign investment
through legally binding rights and obligations. FIPAs
accomplish their objectives by setting out the respective
rights and obligations of the countries that are signatories

to the treaty with respect to the treatment of foreign

investment. Such as Agreement Between the Government of
Canada and the Government of the Republic of Argentina for the
Promotion and Protection of Investments. The Government of
Canada and the Government of the Republic of Argentina,
hereinafter referred to as the "Contracting Parties",
Recognizing that the promotion and the protection of
investments of investors of one Contracting Party in the
territory of the other Contracting Party will be conducive
to the stimulation of business initiative and to the
development of economic cooperation between them,
Air Transport Agreements (ATAs) On November 27, 2006,
the Blue Sky policy was officially adopted by the
Government of Canada. Since November 2006, Canada
has concluded new or expanded Air Transport Agreements
covering over 80 countries. Open Skies-type agreements
with 16 countries Expanded agreements with 20 countries.
A comprehensive ATA between Canada and the European
Unions 28 member states. Canada
will
continue
to
negotiate new and expanded agreements to promote the
interests of Canadian consumers, as well as our trade and
tourism sectors.

Mutual Recognition Arrangement for Conformity Assessment of

Telecommunications Equipment started from May 8, 1998. This

Arrangement is intended to streamline the Conformity

Assessment Procedures for a wide range of
telecommunications and telecommunications-related
equipment and thereby to facilitate trade among the Parties. It
provides for the mutual recognition by the importing Parties of
Conformity Assessment Bodies and mutual acceptance of the
results of testing and equipment certification procedures
undertaken by those bodies in assessing conformity of
equipment to the importing Parties own Technical Regulations.

Last but not the least. Frameworks for Economic Cooperation and
Trade. In order to encourage and expand trade relations, the

Palestine Liberation Organization, on behalf of the Palestinian

Authority, in accordance with its responsibilities and obligations
under the Protocols and the Interim Agreement, and Canada

will commit themselves to facilitate enhanced market access

on a reciprocal basis, in a manner, which is consistent with the
Canadian regulations, as amended. Continue discussions at an
early date based on written proposals to improve bilateral
trade relations, including possible market access concessions
additional to those set out in the above mentioned regulations,
the identification and reduction of non-tariff barriers and
cooperation on product standards; and cooperate in obtaining
information related to customs requirements, including any
verification visits deemed necessary to maintain the
preferential tariff treatment accorded to any particular
importation. In order to facilitate economic development and
cooperation, the Parties will promote a programme of
economic development in the West Bank and Gaza Strip,
focusing on economic and technical cooperation, which would
support and encourage
The growth and sustainability of emerging industries; identify
opportunities for technical assistance and cooperation in the
area of trade, including customs procedures and practices;
As you can see, these policies have formed the history of
Canada and its economic development. Canadas free and
strong policies of international trade have made this country a
world leader. Its friendship with the USA and all other trading
partners has proven to be a sound policy that has made
Canada.