South Korea: Korea - Canada Free Trade Agreement
The Korea-Canada Free Trade Agreement entered into effect on January 1, 2015. Korea’s total trade volume with Canada amounted to 10 billion U.S. dollars in 2014. The Korea-Canada FTA is Canada’s first free trade agreement with an Asian country. As Canada is an exporter of wheat, vegetable oils, and lobsters, this FTA represents a new challenge for U.S. exporters.