Australia and canada trade relationship

Canada country brief - Department of Foreign Affairs and Trade

australia and canada trade relationship

Canada-Australia Trade and Economic Cooperation Arrangement (TECA) and the further development of their trade and investment relations;. Canada's Merchandise Trade with Australia, Canadian Imports from Australia, Canadian Exports to Australia. Merchandise Classification, %, Merchandise. Canada-Australia relations are friendly and highly productive. The relationship has developed over a long history and is based on both a.

Australia and Canada were among the first countries to join the global coalition against terrorism, and both countries committed military and development resources to stabilise and help rebuild Afghanistan and Iraq.

Australia and Canada work closely to counter potential global terrorist threats through technical cooperation, information-sharing, exchanges of personnel and joint training. Today, both countries face comparable public policy challenges in areas such as health, transport, indigenous issues, regional development, and managing the effects of the global economic crisis. The next meeting will be held in Canada in At any time there are a number of public servants placed in Australian and Canadian ministries on exchange.

Australia–Canada relations - Wikipedia

A comprehensive range of bilateral agreements cover issues such as trade, social security, air services, wildfire management, crisis management and consular services abroad, co-location of our missions overseas, mutual assistance in criminal matters and avoidance of double taxation.

Consular cooperation is important, with Canada and Australia providing consular services to each other's nationals in around 30 countries where the other is not represented. The agreement establishes a formal framework for existing cooperation and identifies areas in which Australia and Canada might collaborate and cooperate closely.

Development Cooperation Australia has a close and productive development partnership with Canada.

Australia - Canada relations

The Partnership Arrangement reaffirms our commitment to work in a harmonised way when delivering programs together, and provides a renewed framework for dialogue and cooperation between the two Departments.

People to people links People to people links are strong and diverse despite geographic distance. A working holiday program allows young people to travel and work for set periods in each other's country.

Tourism links are strong and growing.

  • Canada's Merchandise Trade with Australia
  • Australia–Canada relations
  • Canada - Australia Relations

Of particular note, educational links continue to grow with Universities Australia's International links data identifying agreements between Australian universities and vocational providers and Canadian institutions covering student and apprentice exchanges, and academic and research collaboration. Canadian student enrolments remained steady inwith 3, enrolments to date in educational institutions in Australia.

Canada-Australia Trade and Economic Cooperation Arrangement (TECA)

The majority of Canadian students were enrolled in higher education programmes and were studying in the fields of medicine, health and the sciences. A number of Australian universities deliver Australian qualifications in Canada, including Charles Sturt University which has an in-market campus in Burlington, Ontario. Economic Overview Like Australia, Canada has a low population density and a vast wealth of natural resources. Australia was ranked 13th.

Canada is highly integrated with the US economy, with each being the other's major trading partner. Canada has improved its ranking to 13th from 15th most competitive nation economically among countries ranked by the World Economic Forum in the WEF Global Competitiveness Report.

Australia improved its ranking in the same period from 22nd to 21st. The top three merchandise imports from Canada in were non-electric engines and motors e.

australia and canada trade relationship

Services trade was mainly in personal and education-related travel. Though Canada's trade regime is generally liberal and transparent, tariff peaks and other distorting trade mechanisms apply to domestically sensitive agricultural sectors such as dairy and poultry. Investment ties are substantial. Over 80 Australian companies operate in Canada, including in the mining and resources sector, education, finance, travel services and retail.

The forum is an exercise in 'private sector diplomacy' bringing together business, academia and other non-government players to contribute to the development of the bilateral relationship. It is modelled on similar gatherings Australia has with its closest political and economic partners, notably the Australian American Leadership Dialogue.

Austrade has offices in Toronto and Vancouver to pursue Australia's trade and investment priorities. The Chamber is an independent, non-profit organisation that aims to contribute to increasing the level of trade and investment between Australia and Canada.

Export markets - Canada

Membership is free of charge to interested parties. High level visits There have been frequent high level visits, including: Defence Minister Harjit Sajjan Establishment of Consultative Group The Parties establish the Consultative Group on Trade and Economic Cooperation hereinafter referred to as the Consultative Group chaired by Cabinet-level representatives of the Parties responsible for international trade, or their designees, and comprising such other interested ministers or their designees as may be mutually decided from time to time.

Objectives The Parties will seek to: Consultative Group on Trade and Economic Cooperation 1. The Consultative Group will: The Consultative Group will convene at least once a year in regular session, unless otherwise mutually arranged. Regular sessions of the Consultative Group will be hosted successively by each Party.

australia and canada trade relationship

The Consultative Group may establish and delegate responsibilities to ad hoc or standing committees or working groups to facilitate its work. The Consultative Group may, by the mutual consent of both Parties and where appropriate, invite private sector representatives to participate as advisers at its meetings.

Promotion of Trade and Investment The Consultative Group will encourage and facilitate trade and investment between the Parties and will foster cooperation between the Canadian and Australian private sectors through such initiatives as: Review of Trade and Investment 1.

The Consultative Group will meet within one year of the entry into effect of this Arrangement to review the progress and results of the Joint Work Program in Annex A, based on the reports referred to in Paragraph 5 2.

For the purposes of Paragraph 5 lthe Parties will provide the Consultative Group with a report or reports on the progress and results to date of the Joint Work Program in Annex A, including the options and proposed action for further trade and investment liberalisation between the Parties as specified in Paragraph 2 of Annex A. The Consultative Group will consider at each regular session the matters referred to in Annex A unless the Parties mutually determine otherwise, and any matter identified by either Party that may affect trade or economic relations between the Parties, or any matter affecting respective trade and investment interests in third countries, including issues of common interest arising in multilateral and plurilateral fora.

The Consultative Group will maintain under review multilateral and plurilateral trade and economic developments of common interest. Subject to Paragraph 7, either Party may request in writing consultations with the other Party regarding any matter that it considers may adversely affect its trade or investment interests.