Canada has been an active partner in promoting Thailand`s economic, social and democratic development. Since the creation of bilateral relations in 1961, Canada has allocated more than $450 million to Thailand through our bilateral assistance program. Although this program is now complete, Canada continues to promote human rights and inclusive governance in the country, including through the canadian Fund for Local Initiatives (CFLI). The Canadian Embassy in Thailand works closely with local civilian organizations, academic and diplomatic partners and government authorities to promote: “We have rapidly expanded trade and investment with Thailand,” he said while Yingluck was by his side. Below is a list of the countries and trade blocs with which Canada has ongoing free trade agreements.  Foreign Affairs Minister John Baird also signed an agreement with his Thai counterpart on Friday on continued police cooperation in the fight against migrant trafficking. An official announcement and other details of the agreement are on Harper`s Agenda on Saturday. In addition, you can download each chart in several formats by clicking on the “Download the Image” button at the top right of the chart. Before you download bar diagrams and diagrams with coiled dots, you can turn datasets on or off. The largest trade deficit in 2017: machinery and equipment, with $1.3 billion The study comes from the year the ASEAN-Canada Free Trade Agreement will help boost Thailand`s economy by 1.97 per cent, and help ASEAN-Canada`s trade value grow to $40 billion in seven years, up from about $20 billion currently. Thailand is currently Canada`s second largest trading partner in the ASEAN region.
Two-way merchandise trade between Canada and Thailand was $4.3 billion in 2018, up from $4 billion in 2017, with $780 million in exports to Thailand and $3.6 billion in imports from Thailand. Meanwhile, bilateral trade in services amounted to $416 million in 2017. Of this total, $158 million in services was imported from Canada to Thailand and $258 million in services from Thailand to Canada. In addition, Canadian direct investment in Thailand reached $110 million in 2018, while Thai direct investment in Canada reached $56 million, up from $53 million the previous year. Take your business to the next level. Discover opportunities to increase your footprint in Thailand with the help of our Trade Commissioner Service (TCS) and learn more about trade relations between the two countries, market facts and other discoveries. The North American Free Trade Agreement between Canada, the United States and Mexico came into force on January 1, 1994 and created the world`s largest post-GDP free trade region. Until 2014, NAFTA`s GDP was estimated at more than $20 trillion, with a market of 474 million people.   Based on this success, Canada continues to negotiate free trade agreements with more than 40 countries and has free trade agreements, most recently with South Korea, Canada`s first free trade agreement with an Asia-Pacific partner.