The Government of Canada is committed to a progressive trade agenda and a modernized North American Free Trade Agreement (NAFTA) to create jobs and opportunities for the middle class and those working hard to join it.

“Our Government’s overarching objectives are clear: protect NAFTA’s record as an engine of job creation and economic growth; make NAFTA more progressive; and uphold the elements in NAFTA that are key to our national economic interest. These negotiations are also a valuable opportunity to cut red tape and promote regulatory cooperation, to the benefit of our businesses.”

- Bill Morneau, Minister of Finance

• In 1993, trilateral trade within the North American region was USD$289 billion. In 2016, trilateral trade reached USD$1 trillion—nearly a fourfold increase.

• Canada and the United States share one of the largest trading relationships in the world. Bilateral trade between the two countries was valued at nearly $882 billion in 2016, and Canada is the largest secure supplier of energy to the U.S.

• The two countries share the longest, secure border in the world, over which 400,000 people and $2.4 billion worth of goods and services cross daily.

• Canada is the number one export destination for most American states, and cross-border trade and investment supports nearly nine million jobs in the United States.

• Canada and Mexico are among each other’s largest two-way trading partners, and bilateral trade between the two countries, valued at over $40 billion in 2016, continues to grow annually.

Media may contact:

Chloé Luciani-Girouard
Press Secretary
Office of the Minister of Finance
chloe.luciani-girouard@canada.ca 
613-369-5699

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General enquiries

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca