Canada's Free Trade Agreements
Overview
Canada's Free Trade Agreements (FTAs)
Canada, in its commitment to fostering global partnerships and ensuring its businesses thrive internationally, has been an active participant in bilateral and multilateral Free Trade Agreements (FTAs). These agreements are strategically crafted to facilitate international trade and, notably, to streamline the mobility of temporary business individuals into Canada.
The Essence of FTAs for Business Mobility
While most FTAs necessitate foreign workers to secure a work permit for employment in Canada, they offer a distinct advantage – the exemption from obtaining a Labor Market Impact Assessment (LMIA). This benefit simplifies, expedites, and reduces the costs involved in procuring a work permit for eligible
individuals. Spotlight on Key FTAs
- Canada-United States-Mexico (CUSMA) Agreement: Once referred to as the North American Free Trade Agreement (NAFTA), CUSMA stands out as Canada’s most significant FTA, fostering strong ties with its immediate neighbors.
- Comprehensive Economic and Trade Agreement (CETA): This pact strengthens Canada’s trade relations with Europe, heralding opportunities and enhanced mobility for business persons.
- Canada-Chile FTA
- Canada-Peru FTA
- Canada-Colombia FTA
- Canada-Korea FTA
Each of these FTAs, akin to CUSMA, embodies provisions that provide temporary entry for four distinct categories of business persons:
- Business visitors
- Professionals
- Intra-company transferees
- Traders and investors
General Agreement on Trade in Services (GATS)
In line with the GATS framework, professionals can secure their entry into Canada either as designated professionals or as intra-company transferees. This agreement accentuates Canada’s dedication to global service trade and the seamless mobility of service professionals. Additional Noteworthy FTAs
- Canada–Panama Free Trade Agreement: This agreement fortifies Canada’s trade presence in Central America, bringing about enhanced opportunities for businesses and individuals alike.
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): A landmark trade agreement that amplifies trade footprint in the Asia-Pacific region, offering avenues for businesses to venture and thrive.
Consistency in LMIA Exemption
Irrespective of the FTA in question, one consistent benefit remains – the exemption from the LMIA. This facilitates ease of business operations and mobility, underscoring Canada’s dedication to bolstering its global business presence.
At MSAWEST Immigration, we pride ourselves on being well-versed with the nuances of Canada’s FTAs and the associated immigration processes. Reach out to us for expert guidance on leveraging these agreements for your business endeavors in Canada.
