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CPTPP partner: Australia

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trading block that represents 495 million people with a combined gross domestic product of CAD $13.5 trillion – a full 13.5% of global GDP. Through the CPTPP, Canada now has preferential access to half a billion consumers in the world’s most dynamic and fast-growing market, which will strengthen Canadian businesses, grow the economy, and create more well-paying jobs for middle class Canadians.

The CPTPP entered into force for the first six countries to ratify the Agreement – Australia, Canada, Japan, Mexico, New Zealand, and Singapore – on December 30, 2018, and for Vietnam on January 14, 2019. For the remaining signatories (Brunei, Chile, Malaysia, and Peru), the CPTPP will enter into force 60 days after that country ratifies the Agreement.

Why Australia matters

Overview of Canada-Australia Trade

Top Canadian exports to Australia (average 2015-2017, CAD $)

Pie chart of Canada's top exports to Australia (2015-17 average)
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Top Canadian exports to Australia (2015-17 average, $CAD)

  • Total value of exports to Australia: $1,950,000,000
  • Industrial machinery: $417,000,000 
  • Electronic and electrical machinery and equipment: $207,000,000 
  • Agricultural goods : $200,000,000 
  • Aerospace: $196,000,000 
  • Miscellaneous products: $183,000,000

Key facts and figures

Canada-Australia trade

Canada-Australia tourism

Canada’s top merchandise imports from Australia (2015-2017 average)

Canada’s top service imports from Australia (2016)

Canada’s top merchandise exports to Australia (2015-2017 average)

Canada’s top service exports to Australia (2016)

How the CPTPP helps Canada-Australia trade and investment

Sectoral opportunities in Australia

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