Canada trade timeline

History of Canada's Global Trade Timeline

1914-World War I

1939-World War II

2014-Canada–Republic of Korea Free Trade Agreement (CKFTA) was signed.

1867-Canada becomes its own country.

1957-Diefenbaker's Trade division

1989-Canada–U.S.A. Free Trade Agreement was takes effect.

1995-World Trade Organization (WTO) was created.

In the years following World War II Canadian exports swung strongly to the United States. (1 September 1939)

Put a strain on relationships between Canada and USA affecting their trade. Canada achieved considerable geographical diversification for its exports. (28 July 1914)

Canada becomes its own nation, separating away from Britain and building its own market. Canada would be able to develop many international trade opportunities. Some even believe that Canada became its own country partly because of that fact that as a response to the fear of unification with the United States which could have led to domination by them. (1 July 1867)

It is the first free trade agreement between Canada and an Asian nation. This is Upon full implementation, Canada will eliminate 97.8% of its tariff lines for goods imported from Korea, and Korea will eliminate 98.2% of its tariff lines for goods imported from Canada. (22 September 2014)

World Trade Organization was created to facilitate free trade, by mandating mutual most favored nation trading status between all signatories. It replaced the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. (1 January 1995)

This is Canada's first FTA with other nation. The agreement phased out a wide range of trade restrictions in stages over a ten-year period, and resulted in a great increase in cross-border trade

(1 January 1989)

John Diefenbaker’s 1957 trade division offer whereby he proposed to switch 15% of Canadian imports to the UK. Announced over the heads of his civil service, it was immediately obvious that the figure had been clutched from the air and was impossible to achieve without an extension of tariff preferences to the UK.

1960

1970

1950

1990

2020

2000

2010

1980

1940

1920

1900

1910

1930

1800

1885-Canadian Pacific Railway Built.

1929-Great Depression

1947-General Agreement on Tariffs and Trade (GATT) was signed.

1974-The Nuclear Suppliers Group (NSG) was created.

2009-Canada–European Free Trade Association Free Trade Agreement was takes effect.

1994-The North American Free Trade Agreement (NAFTA) takes effect.

This was a multilateral agreement regulating international trade. 23 countries agree to the General Agreement on Tariffs and Trade to rationalize trade among the nations. (30 October 1947)

The Nuclear Suppliers Group (NSG) was created following the explosion in 1974 of a nuclear device by a non-nuclear-weapon State, which demonstrated that nuclear technology transferred for peaceful purposes could be misused. (May 1974)

Canadian Pacific Railway built, a track than runs from the east cost to the west cost. Through the railway, Canada could develop international export markets, encourage other territories to become provinces of Canada, and gave the opportunity to ship goods and people from coast to coast. (7 November 1885)

This is a free trade agreement between Canada and the European Free Trade Association (Iceland, Norway, Switzerland and Liechtenstein). The agreement is aimed at eliminating all tariffs on goods. The agreement is Canada's first free trade agreement with any European nation. (1 July 2009)

Canada, Mexico, and the United States signed a treaty for free trade between the three of them. This would eliminate all tariff barriers between them and they could import and export materials without being charged extra tax on top of the price of goods. It superseded the Canada–United States Free Trade Agreement between the U.S. and Canada.

(The agreement came into force on 1 January 1994.)

Almost all nations sought to protect their domestic production by imposing tariffs, raising existing ones, and setting quotas on foreign imports.

(29 October 1929)

sources

http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/korea-coree/index.aspx?lang=eng

https://books.google.ca/books?id=v2-JAgAAQBAJ&pg=PA117&lpg=PA117&dq=diefenbaker%27s+1957+trade+diversion&source=bl&ots=eJ0yH23OOR&sig=De2NI7LSrlocUE9BGWZZ2W-Il7I&hl=en&sa=X&ei=vhvVVOeVA8aGyATmp4KACw&ved=0CB0Q6AEwAA#v=onepage&q=diefenbaker's%201957%20trade%20diversion&f=false

http://upload.wikimedia.org/wikipedia/commons/thumb/c/cb/HBC-coa.JPG/640px-HBC-coa.JPG

http://www.dpcdsb.org/NR/rdonlyres/0535EFD9-639D-4D95-B7AA-461E34742340/63022/Chapter_121.pdf

http://www.nuclearsuppliersgroup.org/en/

History of Canada's Global Trade Timeline

Chad Lee - BBB4M