Canada Japan Agreement

On March 25, 2012, Canada and Japan began negotiations for a free trade agreement. The first round of negotiations of the Canada-Japan Economic Partnership Agreement (EPA) was held November 26-30, 2012 in Tokyo, Japan. The second and third rounds took place April 22-26 in Ottawa, Canada, and July 8-12 in Tokyo, Japan. The fourth round of negotiations took place in Ottawa from November 12-14, 2013. The fifth round of negotiations for the Canada-Japan epa was held March 24-28, 2014 in Tokyo, Japan. The sixth round of negotiations on the Canada-Japan Economic Partnership Agreement was held in Ottawa, Canada, July 28-31, 2014. The seventh round of negotiations on the Japan-Canada Economic Partnership Agreement was held in Tokyo from November 17 to 21, 2014. Canada is regularly referred to 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). [1] [2] Of all of this trade, approximately 75% are wiretapped with countries that are part of free trade agreements with Canada, particularly with the United States through the North American Free Trade Agreement (NAFTA).

[3] At the end of 2014, bilateral trade in Canada reached $1 trillion for the first time. [4] One group highlighted the specificities and multifunctionality of agriculture in Japan and its declining domestic production, which led to a decline in food self-sufficiency (40%). The group proposed that Japan and Canada, instead of pursuing a free trade agreement including the removal of tariffs on agricultural products, pursue ways to improve their economic relations through an exchange of views on agricultural issues, the maintenance of favourable and stable trade relations for agricultural products and the negotiation of agreements on the stability of natural resource supply and the promotion of investment. The Forum reported in 1992, 1995, 2000 and 2006. The Forum`s reports made recommendations on bilateral trade and investment between Canada and Japan, the impact of NAFTA on Canada-Japan trade, the value of open bilateral economic cooperation (including the promotion of joint investment and cooperation within APEC), improved access to the Japanese market , on a potential free trade agreement between Canada and Japan and on the creation of a multilateral trade organization. what was finally achieved at the WTO. Since the implementation of the Canada-Japan economic framework in January 2005, the two countries have made significant progress in a number of priority areas of cooperation. The conclusion of an agreement on anti-competitive activities and a customs cooperation agreement, as well as the signing of a social security agreement and a bilateral investment promotion agreement between the Department of Foreign Affairs and International Trade of Canada (DFAIT) and the Japan Foreign Trade Organization (JETRO) were a key element for the Canadian and Japanese authorities as well as for the private sector. Footnote 12 In addition to these early achievements, steps have been taken to strengthen political dialogue in other priority areas such as cooperation in the area of food security.