ELI5: Explain Like I'm 5

Free trade agreements of Canada

Oh hello little one! Do you want to learn about free trade agreements of Canada? It's when Canada makes deals with other countries to buy and sell things without charging extra taxes or fees.

You know when we go to the store to buy things, sometimes they cost more because the government puts extra taxes on them? Well, when Canada makes free trade agreements with other countries, those countries agree not to put those extra taxes on things we buy and sell with them.

This helps Canada because it can sell more things to those countries without their customers having to pay extra fees. And it also helps us because we can buy things from those countries for cheaper because we don't have to pay extra taxes on them.

There are a lot of free trade agreements that Canada has made with other countries, like the United States and Mexico (called NAFTA), South Korea, and the European Union. These agreements make it easier for us to buy and sell things with those countries, which helps our economy and makes things more affordable for us. And that's why free trade agreements are important for Canada!