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Australia–United States Free Trade Agreement: Australia United States 2004 Australia–Japan Free Trade Agreement: Australia Japan 2015 Australia–China Free Trade Agreement: Australia People's Republic of China: 2015 Canada–Chile Free Trade Agreement: Canada Chile Canada–Colombia Free Trade Agreement: Canada Colombia August 15, 2011 [106]
The free trade agreements of Canada represents Canada's cooperation in multinational trade pacts and plays a large role in the Canadian economy.Canada is regularly described as a trading nation, considering its total trade is worth more than two-thirds of its GDP (the second highest level in the G7, after Germany).
A multilateral free trade agreement is between several countries all treated equally, and creates a free trade area.Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free trade area, and are not included below.
Australia was a founding member of the General Agreement on Tariffs and Trade (GATT) in 1947, which aimed to promote international trade by reducing tariffs and other trade barriers. The focus during this period was primarily on multilateral trade negotiations rather than bilateral agreements.
Australia and Canada have a longstanding relationship fostered by both countries' shared history and culture as well as the links between residents of the countries. The two countries are former British Dominions and have a common head of state in King Charles III (legally, the King is equally and separately the sovereign of both countries, as King of Australia and King of Canada).
Free trade agreements or free trade areas are listed as follows: List of multilateral free trade agreements; List of bilateral free trade agreements; See also.
The OED records the use of the phrase "free trade agreement" with reference to the Australian colonies as early as 1877. [9] After the WTO's World Trade Organization - which has been considered by some as a failure for not promoting trade talks, but a success by others for preventing trade wars - states increasingly started exploring options to conclude FTAs.
States can unilaterally reduce regulations and duties on imports and exports, as well as form bilateral and multilateral free trade agreements. Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between ...