Canada Singapore Free Trade Agreement

Free trade with the last G7 country, Japan, began with the entry into force of the CPTPP on 30 December 2018. RCEP establishes a modern, comprehensive, high-quality and mutually beneficial economic partnership, based on ASEAN`s existing bilateral agreements, with its five free trade agreements (FTAs). With about 30% of the world`s gross domestic product (GDP) and nearly a third of the world`s population, RCEP is the world`s largest free trade agreement to date. As an important regional agreement, RCEP will complement Singapore`s existing network of free trade agreements, expand our economic space and boost trade and investment flows. Canada negotiates bilateral free trade agreements with the following countries and trading blocs:[7] Canada is regularly designated 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). .

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