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:
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.
Consult the Canada Tariff Finder to explore tariff information for the South Korean market under the CKFTA, and other foreign markets with which Canada has a free trade agreement.
Find out how CKFTA will benefit provinces, territories, and small and medium-sized enterprises.
Learn more about the full scope of the Agreement and what’s in it for you.
- Korea Fact Sheet
- The Canadian Trade Commissioner Service in South Korea
- Embassy of Canada to Korea
- Export Development Canada Profile for Korea
Trade Agreements and NAFTA Secretariat Division
Global Affairs Canada
Lester B. Pearson Building
125 Sussex Drive, Ottawa, ON K1A 0G2
- Date Modified: