Canada-Korea Free Trade Agreement (CKFTA) - Creating jobs and opportunities for Canadians

Canada-Korea Free Trade Agreement (CKFTA)

The Canada-Korea Free Trade Agreement (CKFTA), Canada’s first free trade agreement in the Asia-Pacific region, entered into force on January 1, 2015. This agreement provides Canadian exporters with preferential access to the world’s 11th-largest economy and the fourth-largest in Asia, with an annual GDP of nearly $1.8 trillion and a population of more than 50 million.

Be prepared to take advantage of new market access opportunities:

New tariff preferences for Canadian exports to Korea available starting from January 1, 2017

Upon full implementation of the CKFTA, virtually all bilateral trade will be duty-free. The CKFTA has benefitted the Canada-Korea bilateral trade relationship by providing a comprehensive and modern foundation for our trade and investment relationship. Korea is not only a major economic player in its own right and a key market for Canada: it also serves as a gateway for Canadian businesses and workers to the dynamic Asia-Pacific region as a whole. As a result, Canadian companies will be able to take better advantage of Korea as a strategic base for expanding their presence in Asia and across its supply chains.

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Understanding CKFTA

Benefits

Find out how CKFTA will benefit provinces, territories, and small and medium-sized enterprises.