Canada-Portugal relations
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Bilateral relations
Diplomatic relations between Canada and Portugal were established in 1952 but there is a long history of interactions extending back to the early days of the Portuguese voyages of discovery in the 1500s. People-to-people links have grown stronger over time and today, these ties between Canada and Portugal are underpinned by a vibrant Canadian community of Portuguese origin estimated at more than 480,000 people. In Portugal, Canada is represented at an embassy in Lisbon. Portugal maintains an embassy in Ottawa.
Trade relations
In 2022, Canada’s merchandise exports to Portugal were valued at $491.0 million while Canada’s merchandise imports from Portugal amounted to $2.3 billion.
In 2021, Canada’s service exports to Portugal were valued at $91.0 million while service imports from Portugal totalled $204.0 million.
In 2022, Canadian direct investment abroad in Portugal was valued at $2.7 billion while Portugal’s foreign direct investment in Canada was valued at $141.0 million.
The provisional application of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) started on September 21, 2017, at which time all economically significant parts of the agreement entered into force. CETA generates new economic opportunities for both Canada and Portugal.
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Partnerships and organizations
To develop effective responses to today’s most pressing global challenges, Canada and Portugal work closely in multilateral fora, such as:
- International Civil Aviation Organization (ICAO)
- International Criminal Court (ICC)
- North Atlantic Treaty Organization (NATO)
- Open Government Partnership (OGP)
- Organization for Economic Co-operation and Development (OECD)
- Organization for Security and Co-operation in Europe (OSCE)
- Pacific Alliance
- United Nations (UN)
- United Nations Educational, Scientific and Cultural Organization (UNESCO)
- World Trade Organization (WTO)
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