MERCOSUR Free Trade Agreement
Promoting trade and investment with emerging markets is a priority for the Government of Canada. The government's approach is one that puts the interests of Canadians and opportunities for the middle class, women, youth and Indigenous people, front and centre.
MERCOSUR, also known as the Southern Cone Common Market, is a customs union established by Argentina, Brazil, Paraguay and Uruguay in 1991. This regional bloc represents a significant economic presence in Latin America, and a considerable market for Canada.
In 2016, the four members of MERCOSUR had a combined GDP of US$2.4 trillion (CAD$3.2 trillion) and a population of 260 million. Bilateral merchandise trade between Canada and MERCOSUR totaled nearly $8.1 billion in 2016.
The Government of Canada is in very preliminary stages of a possible free trade agreement with South American countries as part of MERCOSUR. At this point, the federal government continues to consult stakeholders to see if such free trade agreement would be beneficial to Canadians.
- The Canadian Horticultural Council (CHC) continues to monitor Canada’s discussions with MERCOSUR as an interested stakeholder, and is being consulted throughout the negotiation process. CHC will reach out to members for further comments when the opportunity presents itself.
CHC sent Global Affairs Canada a high-level submission regarding a possible Canada-MERCOSUR free trade agreement as such an agreement may impact CHC members.