Trade and foreign direct investment form a symbiotic relationship, bolstering each other’s impact. In British Columbia, foreign investors gain substantial advantages through the safeguards and market access provisions secured in Canada’s free trade agreements (FTAs) and foreign investment promotion and protection agreements (FIPAs) with other nations. These agreements present avenues for businesses in British Columbia to extend their global influence, seize new market opportunities, and ultimately drive increased revenues and profits.
When you do business with British Columbia, you gain the benefits of dealing with one of the world’s most open, transparent, and stable trading economies. Our domestic and international trade agreements facilitate comprehensive and fair trade and investment practices, delivering a diverse selection of opportunities for doing business with B.C.
FTAs provide a degree of certainty in uncertain times, create competitive advantages, remove trade barriers, facilitate labour mobility and generate new trade opportunities.
CUSMA (also known as USMCA in the United States and T-MEC in Mexico) is a free trade agreement between Canada, Mexico, and the United States that came into effect on July 1, 2020, to replace the North American Free Trade Agreement of 1994.
The CPTPP is a free trade agreement between Canada and 10 other countries in the Asia-Pacific region to establish clear rules for doing business in Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
CETA has been implemented provisionally since September 2017. This agreement provides preferential market access opportunities in the EU and connects B.C. and the rest of Canada with the world’s second-largest importing single market for goods.
Domestic trade agreements seek to reduce and eliminate barriers to the inter-provincial movement of goods, persons, services, and investment, and to bring about a more open and stable domestic commercial environment within Canada.
Tapping into international markets offers the potential for substantial business growth. If you are a B.C. business and interested in learning about FTA provisions and how FTAs benefit exporters, visit our For BC Businesses section.
Canada’s foreign investment promotion and protection agreements (FIPAs) and free trade agreements (FTAs) provide an array of advantages and protections for foreign investors in British Columbia. These agreements create a favorable, stable, and predictable business environment, offering the necessary support for investors to establish and expand their operations. By reducing barriers to trade and investment, FIPAs and FTAs facilitate market access for businesses both locally and internationally. Accordingly, they increase opportunities for foreign investors to participate in key sectors of the Canadian economy and enable them to broaden their customer base globally and access new markets.
Explore Canada’s FTAs, FIPAs, and World Trade Organization (WTO) agreements.
British Columbia has Trade Representatives in markets around the world. Contact the representative nearest you for support in doing business with British Columbia.