FTAs are treaties between two or more countries that offer numerous benefits for businesses including:
- Lower costs: FTAs negotiate reduced or eliminated customs tariffs which allows you to price your goods more competitively in internation markets.
- Access to new consumers: Reduced barriers help you reach and serve new customer bases, including foreign governments quicker and with less regulations than global competitors.
- Competitive advantage: Countries with FTAs prioritize partner companies, giving Canadian exporters a competitive edge and increasing your chances of success in these markets.
- Reduced risk: Standardized rules and regulations make foreign markets more predictable and accessible.
- Fewer barriers to trade: Shorter delays to cross borders to member countries help your products get to market easier and faster.
- Access to supply chains: FTAs ease sourcing and exporting by having more globally integrated supply chains.
- Diversified trade: Accessing more markets means your company can become more resilient by reducing reliance on a single market.
